Apartment Inv & Mgmt Q4 2023 GAAP EPS $(1.07) Misses $(0.06) Estimate, Sales $49.35M Beat $48.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Apartment Inv & Mgmt (AIV) reported a Q4 2023 GAAP EPS of $(1.07), significantly missing the $(0.06) estimate. However, their sales of $49.35M exceeded the $48.20M estimate, marking a 17.59% increase from the previous year.
February 22, 2024 | 9:18 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Apartment Inv & Mgmt reported a significant miss on Q4 2023 GAAP EPS estimates but exceeded sales forecasts, showing strong year-over-year growth.
The significant miss on the EPS estimate could negatively impact investor sentiment in the short term, suggesting potential downward pressure on AIV's stock price. However, the beat on sales estimates and the strong year-over-year growth could offset some of the negative impact, providing a neutral outlook in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100