Highwoods Props Q3 2024 FFO $0.90 Beats $0.88 Estimate, Sales $204.323M Miss $204.919M Estimate
Portfolio Pulse from Benzinga Newsdesk
Highwoods Properties reported Q3 2024 earnings per share of $0.90, surpassing the consensus estimate of $0.88. However, their sales of $204.323 million fell short of the expected $204.919 million, marking a 1.34% decrease from the previous year.
October 22, 2024 | 8:12 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Highwoods Properties' Q3 2024 earnings per share exceeded expectations, but sales slightly missed estimates and decreased year-over-year.
The earnings per share beat suggests positive operational efficiency, but the sales miss and year-over-year decline indicate potential challenges in revenue generation. This mixed result may lead to a neutral short-term stock price impact as investors weigh the positive EPS against the sales miss.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100