Gaming and Leisure Props Q1 FFO $0.92 Misses $0.93 Estimate, Sales $375.96M Beat $370.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gaming and Leisure Props (NASDAQ:GLPI) reported Q1 FFO of $0.92 per share, missing the consensus estimate of $0.93 by 1.08%. Quarterly sales were $375.96M, surpassing the estimate of $370.54M by 1.46%, and marking a 5.84% increase from the previous year.
April 25, 2024 | 8:19 pm
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NEUTRAL IMPACT
Gaming and Leisure Props reported a slight miss in Q1 FFO per share but exceeded sales estimates, showing a year-over-year growth.
The slight miss in FFO per share might concern some investors, potentially putting downward pressure on the stock. However, the beat on sales estimates and the year-over-year growth in sales could counterbalance this by signaling operational strength and growth potential. The mixed results make the short-term impact neutral, as positive sales performance may offset concerns over the FFO miss.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100