Independence Realty Trust Q3 2024 FFO $0.29 Misses $0.30 Estimate, Sales $159.860M Miss $159.939M Estimate
Portfolio Pulse from Benzinga Newsdesk
Independence Realty Trust reported Q3 2024 earnings per share of $0.29, missing the analyst estimate of $0.30. Sales were $159.860 million, slightly below the $159.939 million estimate, and down 5.06% from the previous year.
October 30, 2024 | 8:22 pm
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NEGATIVE IMPACT
Independence Realty Trust's Q3 2024 earnings per share of $0.29 missed the analyst estimate of $0.30, and sales were slightly below expectations at $159.860 million. This represents a 5.06% decrease in sales from the previous year.
The earnings per share and sales figures both missed analyst estimates, which is typically viewed negatively by investors. The decrease in sales compared to the previous year further adds to the negative sentiment, likely leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100