Alexander & Baldwin Holdings, Inc. (ALEX) Q3 FFO and Revenues Surpass Estimates

Company Performance - Alexander & Baldwin Holdings, Inc. reported quarterly funds from operations (FFO) of $0.39 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, and up from $0.30 per share a year ago, representing an FFO surprise of 18.18% [1] - The company posted revenues of $61.94 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.24%, compared to year-ago revenues of $52.5 million [1] - Over the last four quarters, the company has consistently surpassed consensus FFO and revenue estimates [1] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future FFO expectations [2] - The current consensus FFO estimate for the coming quarter is $0.26 on revenues of $51.1 million, and for the current fiscal year, it is $1.27 on revenues of $223.35 million [4] - The estimate revisions trend for Alexander & Baldwin Holdings is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The REIT and Equity Trust - Other industry, to which Alexander & Baldwin Holdings belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a positive outlook for stocks in this sector [5] - Another company in the same industry, Pebblebrook Hotel, is expected to report quarterly earnings of $0.54 per share, reflecting a year-over-year change of -11.5%, with revenues projected at $403.23 million, up 1.9% from the previous year [5]