W.P. Carey Q3 2024 FFO $1.18 Beats $1.17 Estimate, Sales $394.775M Beat $379.678M Estimate
Portfolio Pulse from Benzinga Newsdesk
W.P. Carey (NYSE:WPC) reported Q3 2024 earnings per share of $1.18, slightly beating the consensus estimate of $1.17. However, this represents a 10.61% decrease from the previous year's earnings. The company's sales were $394.775 million, surpassing the estimate of $379.678 million but showing an 11.93% decline from the same period last year.
October 29, 2024 | 8:07 pm
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NEUTRAL IMPACT
W.P. Carey reported Q3 2024 earnings of $1.18 per share, slightly above estimates, but down 10.61% from last year. Sales were $394.775M, beating expectations but down 11.93% year-over-year.
W.P. Carey's earnings and sales both beat analyst estimates, which is positive. However, the year-over-year decline in both metrics may concern investors, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100