Elme Communities Q2 2024 FFO $0.23, Inline, Sales $60.103M Miss $60.367M Estimate
Portfolio Pulse from Benzinga Newsdesk
Elme Communities (NYSE:ELME) reported Q2 2024 earnings per share (EPS) of $0.23, meeting analyst expectations but showing a 4.17% decrease from the previous year. Quarterly sales were $60.103 million, missing the $60.367 million estimate by 0.44%, but representing a 6.19% increase from the same period last year.
August 01, 2024 | 9:02 pm
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Elme Communities reported Q2 2024 EPS of $0.23, meeting expectations but down 4.17% YoY. Sales of $60.103M missed estimates by 0.44%, though they increased 6.19% YoY.
The earnings per share met analyst expectations, which is neutral for the stock. However, the slight miss in sales estimates and the year-over-year decrease in EPS could create some negative sentiment. The overall impact is likely neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100