EastGroup Props Q3 2024 FFO $2.13 Beats $2.10 Estimate, Sales $162.876M Beat $161.312M Estimate
Portfolio Pulse from Benzinga Newsdesk
EastGroup Properties (NYSE:EGP) reported Q3 2024 earnings per share of $2.13, surpassing the analyst estimate of $2.10. The company's sales reached $162.876 million, exceeding the expected $161.312 million and marking an 11.16% increase from the previous year.
October 23, 2024 | 8:12 pm
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EastGroup Properties reported better-than-expected Q3 2024 earnings and sales, with EPS of $2.13 beating the $2.10 estimate and sales of $162.876M surpassing the $161.312M estimate. This reflects an 11.16% YoY sales growth.
The company's earnings and sales both exceeded analyst expectations, which is typically a positive indicator for stock performance. The significant year-over-year sales growth further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100