EastGroup Properties Sees Q2 2024 FFO $1.99-$2.07 Vs $2.06 Est.
Portfolio Pulse from Benzinga Newsdesk
EastGroup Properties forecasts its Q2 2024 FFO to be in the range of $1.99 to $2.07, which is below the estimated $2.06.
April 23, 2024 | 9:09 pm
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EastGroup Properties forecasts its Q2 2024 FFO to be slightly below the estimated $2.06, indicating a potential underperformance.
The forecasted FFO range being below the estimated value suggests that EastGroup Properties might not meet market expectations for Q2 2024, which could lead to negative investor sentiment and potentially impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100