Ryman Hospitality Props Q1 2024 FFO $1.60 Misses $1.64 Estimate, Sales $528.345M Miss $530.855M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ryman Hospitality Props (RHP) reported Q1 2024 FFO of $1.60 per share, missing the $1.64 estimate, and sales of $528.345M, below the $530.855M estimate. This represents a 7.45% increase in sales compared to the same period last year.
May 01, 2024 | 8:52 pm
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NEGATIVE IMPACT
Ryman Hospitality Props reported a Q1 2024 FFO miss by $0.04 and a slight sales miss, but showed a 7.45% increase in sales year-over-year.
Missing both FFO and sales estimates can negatively impact investor sentiment and stock price in the short term. However, the year-over-year sales growth indicates underlying business strength, which might mitigate the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100