LXP Industrial Trust For 2024 Expects EPS Of $(0.02)- $0.02 Vs. $(0.03) Est.; Sees Adjusted FFO Of $0.61-$0.65 Per Diluted Common Share
Portfolio Pulse from Benzinga Newsdesk
LXP Industrial Trust projects its 2024 EPS to be between $(0.02) and $0.02, surpassing the $(0.03) estimate. It also forecasts its Adjusted FFO to range from $0.61 to $0.65 per diluted common share, based on current expectations and excluding certain impacts.
February 15, 2024 | 11:16 am
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LXP Industrial Trust anticipates a 2024 EPS between $(0.02) and $0.02, outperforming the $(0.03) estimate, and forecasts Adjusted FFO of $0.61 to $0.65 per diluted common share.
LXP Industrial Trust's guidance for 2024 suggests a positive outlook, with an EPS that beats previous estimates and a solid Adjusted FFO projection. This positive guidance is likely to instill investor confidence and could lead to a short-term uptick in LXP's stock price, given the better-than-expected earnings outlook and the clear financial direction provided by the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100