Sun Communities Q2 2024 Core FFO Per Share $1.86 Misses $1.88 Estimate, Sales $864.000M Miss $890.623M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sun Communities (NYSE:SUI) reported Q2 2024 earnings of $1.86 per share, missing the analyst estimate of $1.88. Sales were $864 million, also below the $890.623 million estimate. Earnings decreased by 5.1% year-over-year, while sales saw a slight increase of 0.06%.
July 31, 2024 | 9:04 pm
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Sun Communities reported Q2 2024 earnings of $1.86 per share, missing the analyst estimate of $1.88. Sales were $864 million, also below the $890.623 million estimate. Earnings decreased by 5.1% year-over-year, while sales saw a slight increase of 0.06%.
Sun Communities' Q2 2024 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The earnings per share decreased by 5.1% year-over-year, indicating potential challenges in profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100