Equity Lifestyle Props Q2 2024 FFO $0.66 Beats $0.65 Estimate, Sales $380.019M Beat $375.128M Estimate
Portfolio Pulse from Benzinga Newsdesk
Equity Lifestyle Properties (NYSE:ELS) reported Q2 2024 earnings per share of $0.66, beating the analyst estimate of $0.65. The company also reported sales of $380.019 million, surpassing the $375.128 million estimate and marking a 2.70% increase from the same period last year.
July 22, 2024 | 8:17 pm
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Equity Lifestyle Properties (NYSE:ELS) reported Q2 2024 earnings per share of $0.66, beating the analyst estimate of $0.65. The company also reported sales of $380.019 million, surpassing the $375.128 million estimate and marking a 2.70% increase from the same period last year.
The company's earnings and sales both exceeded analyst estimates, which is likely to have a positive short-term impact on the stock price. The year-over-year sales increase further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100