Equity Residential Q2 2024 FFO $0.97 Beats $0.96 Estimate, Rental Income $734.163M Miss $734.368M Estimate
Portfolio Pulse from Benzinga Newsdesk
Equity Residential (NYSE:EQR) reported Q2 2024 earnings per share of $0.97, beating the analyst estimate of $0.96. However, its rental income of $734.163 million slightly missed the estimate of $734.368 million. This represents a 2.35% increase over the same period last year.
July 29, 2024 | 8:33 pm
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Equity Residential (NYSE:EQR) reported Q2 2024 earnings per share of $0.97, beating the analyst estimate of $0.96. However, its rental income of $734.163 million slightly missed the estimate of $734.368 million. This represents a 2.35% increase over the same period last year.
The earnings per share beat the analyst estimate, which is a positive indicator for the stock. However, the slight miss in rental income may temper the enthusiasm. Overall, the positive earnings beat is likely to have a more significant impact, leading to a short-term positive movement in the stock price.
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