Heritage Financial Q2 EPS $0.48, Inline, Sales $63.10 Miss $65.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heritage Financial reported Q2 earnings of $0.48 per share, in line with analyst consensus. However, the company's quarterly sales of $63.10 million missed the consensus estimate of $65.20 million. This represents a 7.69% decrease in earnings and a 100% decrease in sales compared to the same period last year.
July 20, 2023 | 12:11 pm
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NEGATIVE IMPACT
Heritage Financial's Q2 earnings met expectations, but sales missed estimates. This could potentially impact the company's stock negatively in the short term.
Heritage Financial's earnings were in line with expectations, which is generally a positive signal. However, the company's sales missed estimates, which is a negative signal. The net effect of these two factors could potentially be negative for the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100