Greystone Housing Impact Q4 EPS $0.24 Misses $0.74 Estimate, Sales $25.18M Miss $29.40M Estimate
Portfolio Pulse from saritha@benzinga.com
Greystone Housing Impact (NYSE:GHI) reported Q4 earnings of $0.24 per share, missing the consensus estimate of $0.74 by 67.57%. Quarterly sales were $25.18M, missing the estimate of $29.40M by 14.34%. Despite the misses, both earnings and sales showed significant increases from the previous year.
February 22, 2024 | 1:42 pm
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NEGATIVE IMPACT
Greystone Housing Impact reported lower-than-expected Q4 earnings and sales, missing estimates significantly. However, both metrics showed improvement from the previous year.
Missing earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing the stock price to drop. However, the year-over-year growth in both earnings and sales might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100