Apartment Investment And Management Sees FY24 EPS $(0.50)-$(0.40) Vs $(0.17) Est.
Portfolio Pulse from Benzinga Newsdesk
Apartment Investment and Management (AIV) forecasts its FY24 EPS to be between $(0.50) and $(0.40), which is significantly lower than the estimated $(0.17).
February 22, 2024 | 9:20 pm
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NEGATIVE IMPACT
Apartment Investment and Management projects its FY24 EPS to significantly underperform expectations, forecasting between $(0.50) and $(0.40) compared to the $(0.17) estimate.
The projected EPS for FY24 by AIV is substantially lower than the current estimates, indicating a negative outlook for the company's financial performance. This significant deviation from expected earnings is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100