Simon Property Group Q4 2023 FFO $3.69 Beats $3.34 Estimate
Portfolio Pulse from Benzinga Newsdesk
Simon Property Group (SPG) reported Q4 2023 earnings of $3.69 per share, surpassing the analyst consensus estimate of $3.34 by 10.48%.
February 05, 2024 | 9:06 pm
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Simon Property Group reported a significant earnings beat for Q4 2023, with earnings of $3.69 per share against an estimate of $3.34.
Earnings beats typically lead to positive investor sentiment and can cause a short-term increase in stock price. Given the significant beat of 10.48% against analyst estimates, it's likely that SPG will experience positive momentum in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100