Americold Realty Trust Inc. (COLD) Q3 FFO and Revenues Lag Estimates
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Americold Realty Trust Inc. (COLD) reported Q3 funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.36 per share. This is an increase from $0.32 per share a year ago.
November 07, 2024 | 2:30 pm
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NEGATIVE IMPACT
Americold Realty Trust Inc. reported Q3 FFO of $0.35 per share, missing estimates of $0.36. Despite the miss, FFO increased from $0.32 a year ago.
The miss on FFO estimates is likely to have a negative short-term impact on COLD's stock price as it indicates underperformance against market expectations. However, the year-over-year increase in FFO may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100