Hilltop Hldgs Q2 EPS $0.28 vs. $0.45 Prior Year, Sales $118.30M Beat $117.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hilltop Hldgs (NYSE:HTH) reported Q2 earnings of $0.28 per share, a 37.78% decrease from the same period last year. However, the company's quarterly sales of $118.30 million beat the analyst consensus estimate of $117.99 million by 0.26%, marking a 5.57% increase from last year.
July 20, 2023 | 8:34 pm
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NEUTRAL IMPACT
Hilltop Hldgs reported a significant decrease in Q2 earnings but surpassed sales estimates. This mixed result could lead to uncertain market reactions.
While the decrease in earnings is a negative sign, the fact that Hilltop Hldgs managed to beat sales estimates could offset this to some extent. The market reaction could be mixed due to these contrasting factors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100