Prologis Q1 FFO $1.28, Inline, Sales $1.83B Miss $1.87B Estimate
Portfolio Pulse from Benzinga Newsdesk
Prologis (NYSE:PLD) reported Q1 earnings of $1.28 per share, meeting analyst estimates and marking a 4.92% increase from last year. However, their sales of $1.83 billion fell short of the expected $1.87 billion, a 2.25% miss, though it was an 11.87% increase from the previous year.
April 17, 2024 | 12:07 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Prologis reported Q1 earnings per share of $1.28, in line with estimates, and a 4.92% increase from last year. Sales were $1.83 billion, missing estimates by 2.25% but showing an 11.87% increase YOY.
The earnings per share meeting expectations and showing a year-over-year increase is positive, indicating operational efficiency and growth. However, the miss on sales estimates, despite being a growth from the previous year, could concern investors about the pace of revenue growth and market expectations. The mixed results may lead to a neutral short-term impact on the stock price as positive earnings are balanced by the slight revenue miss.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100