BRT Apartments Q1 Sales $23.403M Miss $23.724M Estimate
Portfolio Pulse from Benzinga Newsdesk
BRT Apartments Corp. reported Q1 sales of $23.403M, missing the consensus estimate of $23.724M by 1.35%, but marking a 2.02% increase from the previous year.
May 08, 2024 | 10:33 pm
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NEGATIVE IMPACT
BRT Apartments Corp. reported lower-than-expected Q1 sales, missing estimates by 1.35%, but showed a year-over-year increase of 2.02%.
Missing sales estimates can negatively impact investor sentiment and stock price in the short term, despite the year-over-year growth. The miss, although slight, may lead to cautious or negative reactions in the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100