JBG SMITH Props Q2 2024 FFO $0.18 Misses $0.26 Estimate, Sales $135.320M Beat $111.669M Estimate
Portfolio Pulse from Benzinga Newsdesk
JBG SMITH Properties (NYSE: JBGS) reported Q2 2024 earnings per share (EPS) of $0.18, missing the analyst estimate of $0.26 by 30.77%. However, the company reported sales of $135.320 million, beating the estimate of $111.669 million by 21.18%. Compared to the same period last year, EPS decreased by 50% and sales decreased by 11.03%.
July 30, 2024 | 9:12 pm
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JBG SMITH Properties reported Q2 2024 EPS of $0.18, missing estimates by 30.77%, and sales of $135.320 million, beating estimates by 21.18%. EPS decreased by 50% YoY, and sales decreased by 11.03% YoY.
The significant miss on EPS and the year-over-year decrease in both EPS and sales are likely to negatively impact the stock price in the short term, despite the sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100