How did EGP's Q4 2024 earnings surprise impact investor sentiment?

EastGroup Properties (EGP) reported an earnings per share (EPS) surprise of $0.01 for Q4 2024, which represents a 0.25% change in the stock price. However, the stock experienced a significant decline of 14.09% from October 1, 2024, to December 31, 2024. This suggests that while the earnings surprise may have had a slight positive impact on investor sentiment, it was not enough to counteract the broader negative sentiment that led to a substantial drop in the stock price during that period.