Cousins Props Q4 2023 FFO $0.65 Beats $0.64 Estimate, Sales $196.98M Miss $198.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cousins Properties (CUZ) reported Q4 2023 earnings of $0.65 per share, surpassing the $0.64 estimate. However, their sales of $196.98M fell short of the $198.61M estimate, marking a 1.25% increase from the previous year.
February 07, 2024 | 9:22 pm
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NEUTRAL IMPACT
Cousins Properties exceeded Q4 earnings expectations but missed on sales forecasts, showing a modest year-over-year growth.
While beating earnings estimates typically has a positive impact on stock prices, missing sales forecasts can counteract this effect. The modest year-over-year sales growth indicates stability but may not excite investors. Therefore, the short-term impact on CUZ's stock price is likely to be neutral.
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