Stag Industrial Q2 2024 Adj EPS $0.33 Beats $0.21 Estimate, Sales $186.47M Miss $187.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stag Industrial (NYSE:STAG) reported Q2 2024 adjusted EPS of $0.33, beating the $0.21 estimate by 57.14%. However, sales of $186.47M missed the $187.97M estimate by 0.80%, though they increased by 8.77% year-over-year.
July 30, 2024 | 8:15 pm
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Stag Industrial reported Q2 2024 adjusted EPS of $0.33, significantly beating the analyst estimate of $0.21. However, sales of $186.47M missed the $187.97M estimate by a small margin of 0.80%. Despite the sales miss, revenue increased by 8.77% year-over-year.
The significant beat on EPS is a positive indicator for the stock, likely boosting investor confidence. The slight miss on sales is less concerning given the strong year-over-year growth. Overall, the positive earnings surprise is expected to have a favorable short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100