LXP Industrial Trust For 2024 Expects EPS Of $0.08-$0.12 (Prior $(0.02)- $0.02); Sees Adjusted FFO Of $0.61-$0.65 Per Diluted Common Share Vs. Consensus Of $0.63
Portfolio Pulse from Benzinga Newsdesk
LXP Industrial Trust projects its 2024 EPS to be between $0.08 and $0.12, an improvement from its previous forecast of $(0.02) to $0.02. The company also expects its Adjusted FFO to range from $0.61 to $0.65 per diluted common share, aligning with the consensus estimate of $0.63.
May 02, 2024 | 10:18 am
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POSITIVE IMPACT
LXP Industrial Trust has revised its 2024 earnings guidance upwards, indicating a positive outlook for its financial performance.
The upward revision in LXP Industrial Trust's EPS guidance from a potential loss to a gain signifies a positive shift in the company's financial outlook. This adjustment, coupled with the Adjusted FFO meeting consensus estimates, suggests a strong operational performance and financial health for the year 2024. Such positive guidance is likely to instill confidence among investors, potentially leading to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100