Howard Hughes Holdings Q1 2024 GAAP EPS $(1.06) Misses $(0.70) Estimate, Sales $171.138M Miss $225.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Howard Hughes Holdings (NYSE:HHH) reported Q1 2024 earnings with a GAAP EPS of $(1.06), missing the $(0.70) estimate, and sales of $171.138M, below the $225.000M estimate. This represents a 12.81% decrease in sales compared to the same period last year.
May 08, 2024 | 8:03 pm
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NEGATIVE IMPACT
Howard Hughes Holdings reported a significant miss in both EPS and sales for Q1 2024, with a notable year-over-year decrease in sales.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with a year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price of Howard Hughes Holdings in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100