CTO Realty Growth Q2 2024 FFO $0.48 Beats $0.39 Estimate, Sales $28.845M Beat $27.411M Estimate
Portfolio Pulse from Benzinga Newsdesk
CTO Realty Growth (NYSE:CTO) reported Q2 2024 earnings per share of $0.48, surpassing the analyst estimate of $0.39 by 23.08%. The company also reported sales of $28.845 million, beating the estimate of $27.411 million by 5.23%. This marks a 10.74% increase from the same period last year.
July 25, 2024 | 10:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
CTO Realty Growth reported strong Q2 2024 earnings and sales, beating analyst estimates. This positive performance is likely to boost investor confidence and drive the stock price up in the short term.
The company's earnings per share and sales both exceeded analyst expectations, which is a strong indicator of financial health and operational efficiency. This is likely to result in a positive market reaction and an increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100