Global Net Lease Q2 2024 FFO $0.22 Misses $0.33 Estimate, Sales $203.286M Miss $205.650M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Net Lease (NYSE:GNL) reported Q2 2024 earnings of $0.22 per share, missing the analyst estimate of $0.33 by 33.33%. Sales were $203.286 million, missing the $205.650 million estimate by 1.15%. Despite the misses, sales increased by 112.10% year-over-year.
August 06, 2024 | 8:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Global Net Lease (NYSE:GNL) reported Q2 2024 earnings of $0.22 per share, missing the analyst estimate of $0.33 by 33.33%. Sales were $203.286 million, missing the $205.650 million estimate by 1.15%. Despite the misses, sales increased by 112.10% year-over-year.
The significant miss on both earnings per share and sales estimates is likely to negatively impact GNL's stock price in the short term. However, the substantial year-over-year sales growth may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100