Blackstone Secured Q2 2024 GAAP EPS $0.89 Misses $0.90 Estimate, Sales $327.064M Beat $316.871M Estimate
Portfolio Pulse from Benzinga Newsdesk
Blackstone Secured (NYSE:BXSL) reported Q2 2024 earnings per share (EPS) of $0.89, missing the analyst consensus estimate of $0.90 by 1.11%. However, the company reported sales of $327.064 million, beating the analyst consensus estimate of $316.871 million by 3.22%. This represents a 12.64% increase over sales of $290.365 million in the same period last year.
August 07, 2024 | 10:38 am
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Blackstone Secured (NYSE:BXSL) reported Q2 2024 EPS of $0.89, missing estimates by 1.11%, but sales of $327.064 million beat estimates by 3.22%, showing a 12.64% YoY increase.
The mixed results, with a slight miss on EPS but a beat on sales and significant YoY growth, suggest a neutral short-term impact on the stock price. Investors may weigh the positive sales growth against the minor EPS miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100