Safehold Q4 EPS $0.36 Beats $0.35 Estimate, Sales $103.00M Beat $85.95M Estimate
Portfolio Pulse from Happy Mohamed
Safehold Inc. (NYSE:SAFE) reported Q4 earnings of $0.36 per share, surpassing the consensus estimate of $0.35, a 2.86% beat. However, this represents a 10% decrease from last year's $0.40 per share. Q4 sales were $103.00M, exceeding estimates of $85.95M by 19.84%, and marking a 40.38% increase from the previous year's $73.37M.
February 12, 2024 | 9:23 pm
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Safehold Inc. reported a Q4 EPS of $0.36, beating estimates, with sales of $103.00M also surpassing expectations. Despite a 10% decrease in EPS YOY, sales increased by 40.38%.
The positive earnings and sales beat indicate a strong financial performance for Safehold Inc., likely leading to a positive short-term impact on its stock price. The significant sales growth, despite a slight decrease in EPS YOY, suggests robust business growth, which is typically viewed favorably by investors.
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