Saul Centers (BFS) Q4 FFO and Revenues Lag Estimates

Core Insights - Saul Centers (BFS) reported quarterly funds from operations (FFO) of $0.63 per share, missing the Zacks Consensus Estimate of$ 0.68 per share, and down from $0.79 per share a year ago [1][2] - The company posted revenues of$ 67.92 million for the quarter, missing the Zacks Consensus Estimate by 1.47%, but up from $66.68 million year-over-year [3] - The stock has underperformed the market, losing about 5% since the beginning of the year compared to the S&P 500's decline of -0.3% [4] Financial Performance - The FFO surprise for the quarter was -7.35%, while the previous quarter saw a positive surprise of 3.75% with an actual FFO of$ 0.83 against an expected $0.80 [2] - Over the last four quarters, Saul Centers has surpassed consensus FFO estimates three times [2] - The current consensus FFO estimate for the upcoming quarter is$ 0.73 on revenues of $69.76 million, and for the current fiscal year, it is$ 2.92 on revenues of $286.88 million [8] Industry Context - Saul Centers operates within the Zacks REIT and Equity Trust - Retail industry, which is currently ranked in the top 28% of over 250 Zacks industries [9] - The performance of the stock may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [9] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and the trends in estimate revisions [4][5] - The current estimate revisions trend for Saul Centers is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [7]