Americold Realty Trust Inc. (COLD) Q3 FFO and Revenues Lag Estimates

Core Viewpoint - Americold Realty Trust Inc. reported quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.36 per share, but showing an increase from $0.32 per share a year ago, indicating a -2.78% surprise [1][2] Financial Performance - The company posted revenues of $674.17 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.99%, compared to $667.94 million in the same quarter last year [2] - Over the last four quarters, Americold Realty Trust has surpassed consensus FFO estimates three times, but has not been able to beat consensus revenue estimates during the same period [2] Stock Performance - Americold Realty Trust shares have declined approximately 16.6% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current consensus FFO estimate for the upcoming quarter is $0.37 on revenues of $711.51 million, and for the current fiscal year, it is $1.48 on revenues of $2.73 billion [7] Industry Outlook - The REIT and Equity Trust - Other industry, to which Americold Realty Trust belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]