Equity Lifestyle Properties Sees FY24 Adj. EPS $1.89-$1.95 Vs $1.96 Est; Sees Q4 Adj. EPS $0.44-$0.50
Portfolio Pulse from Benzinga Newsdesk
Equity Lifestyle Properties has provided guidance for its fiscal year 2024 adjusted EPS to be between $1.89 and $1.95, which is below the estimated $1.96. Additionally, the company expects its Q4 adjusted EPS to range from $0.44 to $0.50.
October 21, 2024 | 8:31 pm
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NEGATIVE IMPACT
Equity Lifestyle Properties' FY24 adjusted EPS guidance of $1.89-$1.95 is below the market estimate of $1.96, which may lead to a negative short-term impact on the stock price. The Q4 adjusted EPS guidance of $0.44-$0.50 also suggests potential underperformance.
The company's guidance for FY24 adjusted EPS is below the market estimate, which typically results in a negative reaction from investors. The Q4 guidance also indicates potential underperformance, reinforcing the likelihood of a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100