Federal Realty Investment Q4 Sales $291.81M Miss $292.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Federal Realty Investment (FRT) reported Q4 earnings of $1.64 per share, meeting analyst consensus. However, its quarterly sales of $291.81M missed the estimate of $292.19M by 0.13%, marking a 4.20% increase from the previous year.
February 12, 2024 | 9:06 pm
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NEUTRAL IMPACT
Federal Realty Investment's Q4 earnings per share met expectations, but sales slightly missed estimates, showing a modest year-over-year growth.
While FRT met its earnings per share estimates, the slight miss in sales estimates could lead to a neutral short-term impact on its stock price. The modest year-over-year sales growth indicates stability, but the miss may temper investor enthusiasm.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90