Alpine Income Prop Trust Q4 2023 Adj GAAP EPS $0.37, Inline, Sales $11.58M Miss $11.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alpine Income Prop Trust (PINE) reported Q4 2023 earnings of $0.37 per share, meeting analyst estimates, but missed on sales with $11.58M versus the expected $11.64M. This represents a slight decrease in sales compared to the same period last year.
February 08, 2024 | 9:32 pm
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Alpine Income Prop Trust reported Q4 2023 earnings per share of $0.37, aligning with estimates, but missed revenue expectations by a narrow margin, reporting $11.58M against an $11.64M forecast.
The company's ability to meet EPS estimates but miss on revenue forecasts by a small margin suggests a neutral short-term impact. The slight miss in revenue is not significant enough to warrant a strong negative reaction, but it does highlight the importance of closely monitoring future revenue performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100