American Healthcares Q2 2024 FFO $0.33 Beats $0.29 Estimate, Sales $504.581M Miss $507.744M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Healthcares (NYSE:AHR) reported Q2 2024 earnings per share of $0.33, beating the analyst estimate of $0.29 by 13.79%. However, the company's sales of $504.581 million missed the estimate of $507.744 million by 0.62%. This represents a 7.92% increase over the same period last year.
August 05, 2024 | 8:29 pm
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POSITIVE IMPACT
American Healthcares reported Q2 2024 EPS of $0.33, beating estimates by 13.79%, but sales of $504.581M missed estimates by 0.62%. Sales increased by 7.92% YoY.
The EPS beat is a positive indicator and likely to boost investor confidence, leading to a short-term price increase. The slight miss in sales is less significant given the overall positive earnings and YoY sales growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100