Phillips Edison Q3 2024 GAAP EPS $0.62, Inline, Sales $161.78M Miss $162.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Phillips Edison reported Q3 2024 earnings per share of $0.62, meeting analyst expectations. However, their sales of $161.78 million slightly missed the estimate of $162.94 million, though it represents a 6.10% increase from the previous year.
October 24, 2024 | 8:39 pm
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Phillips Edison reported Q3 2024 earnings per share of $0.62, meeting analyst expectations. However, their sales of $161.78 million slightly missed the estimate of $162.94 million, though it represents a 6.10% increase from the previous year.
The earnings per share met expectations, which is neutral for the stock price. The slight miss in sales estimates could be seen as a minor negative, but the year-over-year sales growth of 6.10% is a positive indicator. Overall, the impact is neutral as the positives and negatives balance each other out.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100