Retail Opportunity Q3 2024 FFO $0.25 Misses $0.26 Estimate, Sales $83.484M Beat $82.347M Estimate
Portfolio Pulse from Benzinga Newsdesk
Retail Opportunity (NASDAQ:ROIC) reported Q3 2024 earnings of $0.25 per share, missing the $0.26 estimate, but sales of $83.484M beat the $82.347M estimate. Earnings decreased by 7.41% from last year, while sales increased by 2.13%.
October 22, 2024 | 8:17 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Retail Opportunity's Q3 2024 earnings per share missed estimates, but sales exceeded expectations. Earnings decreased compared to last year, while sales showed a modest increase.
The earnings per share miss is likely to have a negative impact on the stock price in the short term, as it fell short of analyst expectations and decreased from the previous year. However, the sales beat provides a slight positive offset, indicating some operational strength.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100