Americold Realty Trust Q1 2024 FFO $0.27 Beats $0.25 Estimate, Sales $664.980M Miss $679.628M Estimate
Portfolio Pulse from Benzinga Newsdesk
Americold Realty Trust (COLD) reported Q1 2024 FFO of $0.27 per share, surpassing the $0.25 estimate, marking a 22.73% increase from the previous year. However, their sales of $664.980M fell short of the $679.628M estimate, a 1.70% decrease from last year.
May 09, 2024 | 8:13 pm
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Americold Realty Trust's Q1 2024 FFO exceeded expectations at $0.27/share, a 22.73% YOY increase, but sales missed estimates by 2.16%, decreasing 1.70% YOY.
The positive earnings beat with a significant year-over-year increase suggests strong operational performance, likely to be viewed favorably by investors. However, the miss on sales estimates and a slight decrease from the previous year could temper enthusiasm, suggesting a neutral short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100