Cohen & Steers Q3 2024 Adj EPS $0.77 Misses $0.78 Estimate, Sales $133.20M Up From $123.74M YoY
Portfolio Pulse from Benzinga Newsdesk
Cohen & Steers reported Q3 2024 earnings per share of $0.77, missing the consensus estimate of $0.78. However, sales increased by 7.65% year-over-year to $133.20 million.
October 16, 2024 | 8:33 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Cohen & Steers reported Q3 2024 earnings per share of $0.77, slightly below the consensus estimate of $0.78. Despite the earnings miss, the company saw a 7.65% increase in sales year-over-year, reaching $133.20 million.
The earnings per share miss by $0.01 is minor, but it could still lead to a neutral or slightly negative short-term reaction in the stock price. However, the significant year-over-year sales growth of 7.65% is a positive indicator, potentially offsetting the negative impact of the earnings miss. Overall, the mixed results suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100