Veris Residential Q2 2024 FFO $0.18 Beats $0.14 Estimate, Sales $67.476M Beat $66.992M Estimate
Portfolio Pulse from Benzinga Newsdesk
Veris Residential (NYSE:VRE) reported Q2 2024 earnings of $0.18 per share, beating the analyst estimate of $0.14. Sales were $67.476 million, surpassing the $66.992 million estimate. Both earnings and sales showed year-over-year growth.
July 24, 2024 | 8:44 pm
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POSITIVE IMPACT
Veris Residential reported strong Q2 2024 earnings and sales, both beating analyst estimates and showing year-over-year growth. This positive performance is likely to boost investor confidence and support short-term stock price appreciation.
The company's earnings per share (EPS) and sales both exceeded analyst expectations, which is a positive indicator for the stock. The year-over-year growth in both metrics further strengthens the positive outlook. Investors are likely to respond favorably, leading to a potential short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100