Centerspace Q2 2024 FFO $1.27 Beats $1.21 Estimate, Sales $65.043M Miss $65.347M Estimate
Portfolio Pulse from Benzinga Newsdesk
Centerspace (NYSE:CSR) reported Q2 2024 earnings per share (EPS) of $1.27, beating the analyst estimate of $1.21. However, sales of $65.043 million missed the estimate of $65.347 million. EPS decreased by 0.78% year-over-year, while sales increased by 0.41%.
July 29, 2024 | 8:38 pm
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Centerspace reported Q2 2024 EPS of $1.27, beating estimates by 4.96%, but sales of $65.043 million missed estimates by 0.47%. EPS decreased by 0.78% YoY, while sales increased by 0.41%.
The mixed results, with EPS beating estimates but sales missing, suggest a neutral short-term impact on the stock price. The slight YoY decrease in EPS and marginal increase in sales further support a neutral outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100