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Market Impact: 0.35

Phillips Edison & Company, Inc. (PECO) Beats Q2 FFO Estimates

Company FundamentalsCorporate EarningsAnalyst Estimates
Phillips Edison & Company, Inc. (PECO) Beats Q2 FFO Estimates

Phillips Edison & Company reported quarterly FFO of $0.69/share, edging above the Zacks consensus of $0.68/share (+~1.5%). The result also improved from $0.64/share a year ago (+~7.8%), suggesting steady underlying performance. Overall, this is a modest earnings beat likely to support near-term sentiment for PECO.

Analysis

Phillips Edison & Company reported quarterly FFO of $0.69/share, edging above the Zacks consensus of $0.68/share (+~1.5%). The result also improved from $0.64/share a year ago (+~7.8%), suggesting steady underlying performance. Overall, this is a modest earnings beat likely to support near-term sentiment for PECO.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.25

Ticker Sentiment

PECO0.35