Clipper Realty Q2 2024 FFO $0.17 Beats $0.12 Estimate, Sales $37.346M Beat $36.008M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clipper Realty (NYSE:CLPR) reported Q2 2024 earnings of $0.17 per share, beating the analyst estimate of $0.12 by 41.67%. Sales were $37.346 million, surpassing the $36.008 million estimate. Both earnings and sales showed significant year-over-year growth.
August 01, 2024 | 8:18 pm
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Clipper Realty reported strong Q2 2024 earnings and sales, significantly beating analyst estimates. The earnings per share of $0.17 exceeded the $0.12 estimate by 41.67%, and sales of $37.346 million surpassed the $36.008 million estimate. Both metrics showed substantial year-over-year growth.
The significant beat on both earnings and sales estimates, along with strong year-over-year growth, is likely to positively impact Clipper Realty's stock price in the short term. Investors typically react favorably to such earnings surprises.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100