1st Source Q2 EPS $1.30 Beats $1.10 Estimate, Sales $91.46M Miss $91.55M Estimate
Portfolio Pulse from totan@benzinga.com
1st Source (NASDAQ:SRCE) reported Q2 earnings of $1.30 per share, beating the analyst consensus estimate of $1.10 by 18.18%. This is a 10.17% increase from the same period last year. However, the company's quarterly sales of $91.46 million missed the analyst consensus estimate of $91.55 million by 0.09%, but still represents a 5.84% increase from last year.
July 20, 2023 | 8:29 pm
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NEUTRAL IMPACT
1st Source's Q2 earnings beat estimates, but sales slightly missed. Both earnings and sales are up YoY.
1st Source's earnings beat estimates, which is positive for the stock. However, the slight miss on sales could offset this positive impact. Both earnings and sales have increased compared to the same period last year, which is generally a positive sign for the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100