Greystone Housing Impact Q1 2024 GAAP EPS $0.42 Beats $0.24 Estimate, Sales $22.371M Miss $24.332M Estimate
Portfolio Pulse from Benzinga Newsdesk
Greystone Housing Impact (NYSE:GHI) reported Q1 2024 earnings of $0.42 per share, surpassing the $0.24 estimate, but saw a 28.81% decrease from last year's $0.59. Sales were $22.371M, missing the $24.332M estimate and marking a 10.29% decrease from the previous year.

May 08, 2024 | 12:16 pm
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Greystone Housing Impact reported higher-than-expected Q1 2024 earnings per share but missed sales estimates, with a significant year-over-year decrease in both metrics.
While the earnings per share beat might be seen positively, the miss on sales estimates and the significant year-over-year decrease in both earnings and sales could temper investor enthusiasm. The mixed results present a neutral outlook in the short term as investors weigh the positive earnings surprise against the sales miss and overall declines.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100