Federal Realty Investment Q1 2024 Adj EPS $0.65 Misses $0.67 Estimate, Sales $291.32M Beat $290.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Federal Realty Investment (FRT) reported Q1 2024 earnings of $0.65 per share, missing the consensus estimate of $0.67. However, their sales of $291.32M exceeded the estimate of $290.17M, marking a 6.69% increase from the previous year.

May 02, 2024 | 8:07 pm
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Federal Realty Investment's Q1 2024 earnings per share were $0.65, missing estimates by 2.99%, but sales of $291.32M exceeded expectations and grew 6.69% YOY.
The miss in earnings per share (EPS) could negatively impact investor sentiment in the short term, suggesting a potential downside. However, the beat on sales and year-over-year growth indicates underlying strength in the company's operations, which could mitigate the negative impact of the EPS miss. The mixed results lead to a neutral score, as the positive sales performance may balance out the negative sentiment from the earnings miss.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100