Elme (ELME) Misses Q3 FFO Estimates
Portfolio Pulse from
Elme (ELME) reported Q3 funds from operations (FFO) of $0.23 per share, missing the Zacks Consensus Estimate of $0.24 per share. This is a slight decrease from the $0.24 per share reported a year ago.
November 05, 2024 | 12:30 pm
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NEGATIVE IMPACT
Elme (ELME) reported Q3 FFO of $0.23 per share, missing the Zacks Consensus Estimate of $0.24. This slight miss and year-over-year decrease may impact investor sentiment negatively.
The miss on FFO estimates, even if slight, can lead to negative investor sentiment as it indicates underperformance against expectations. The year-over-year decrease in FFO also suggests potential challenges in maintaining growth or stability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100