Alexander & Baldwin Raises FY2024 FFO Guidance from $0.99-1.08 to $1.05-1.12 vs $1.27 Est.
Portfolio Pulse from Benzinga Newsdesk
Alexander & Baldwin has raised its FY2024 FFO guidance from $0.99-1.08 to $1.05-1.12, which is still below the analyst estimate of $1.27.

October 24, 2024 | 8:07 pm
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Alexander & Baldwin has increased its FY2024 FFO guidance, but it remains below analyst expectations, which may affect investor sentiment.
The increase in FFO guidance suggests improved performance expectations, which is positive. However, the guidance is still below analyst estimates, which could temper investor enthusiasm. The net impact on the stock price is uncertain, as the market may react to both the positive revision and the shortfall relative to expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100