Cousins Props Q3 FFO $0.67, Inline, Sales $209.21M Miss $212.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cousins Properties reported Q3 earnings per share of $0.67, meeting analyst expectations, but sales of $209.21 million missed estimates by 1.70%. Despite the sales miss, both earnings and sales showed year-over-year growth.
October 24, 2024 | 8:19 pm
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Cousins Properties reported Q3 earnings per share of $0.67, meeting analyst expectations, but sales of $209.21 million missed estimates by 1.70%. Despite the sales miss, both earnings and sales showed year-over-year growth.
The earnings per share met expectations, which is neutral for the stock price. However, the sales miss could be seen as a slight negative. The year-over-year growth in both earnings and sales provides a positive backdrop, balancing the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100