Broadstone Net Lease Q3 2024 FFO $0.35 Misses $0.37 Estimate, Sales $108.397M Beat $106.574M Estimate
Portfolio Pulse from Benzinga Newsdesk
Broadstone Net Lease (NYSE:BNL) reported Q3 2024 earnings per share of $0.35, missing the consensus estimate of $0.37. However, sales were $108.397 million, surpassing the expected $106.574 million. This represents a slight decrease from last year's sales of $109.543 million.
October 30, 2024 | 8:38 pm
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NEUTRAL IMPACT
Broadstone Net Lease's Q3 2024 earnings per share of $0.35 missed expectations, but sales exceeded forecasts. This mixed result may lead to short-term volatility in the stock price.
The earnings per share miss could negatively impact investor sentiment, while the sales beat might provide some support. The mixed results suggest potential short-term volatility as investors digest the news.
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