Americold Realty Trust Q2 2024 FFO $0.33 Beats $0.28 Estimate, Sales $660.955M Miss $661.984M Estimate
Portfolio Pulse from Benzinga Newsdesk
Americold Realty Trust (NYSE:COLD) reported Q2 2024 earnings per share (EPS) of $0.33, beating the analyst consensus estimate of $0.28 by 17.86%. However, the company's quarterly sales of $660.955 million slightly missed the estimate of $661.984 million by 0.16%. This represents a 1.75% increase over the same period last year.
August 08, 2024 | 11:08 am
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Americold Realty Trust (NYSE:COLD) reported Q2 2024 EPS of $0.33, beating estimates by 17.86%, but sales of $660.955 million missed estimates by 0.16%. Sales increased by 1.75% YoY.
The significant beat on EPS is likely to have a positive short-term impact on the stock price, despite the slight miss on sales. The YoY sales increase also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100