Looking Into 1st Source's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
1st Source (NASDAQ:SRCE) reported Q2 earnings of $32.45 million, a 4.23% increase from Q1, despite a 1.77% decrease in sales to $91.46 million. The company posted a Return on Capital Employed (ROCE) of 0.03%, indicating effective capital allocation. The Q2 earnings per share of $1.3 beat analyst predictions of $1.1.
July 21, 2023 | 2:46 pm
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POSITIVE IMPACT
1st Source's Q2 earnings beat analyst predictions and the company demonstrated effective capital allocation with a positive ROCE. This could potentially lead to higher returns and EPS growth.
1st Source's Q2 earnings beat analyst predictions, indicating strong performance. The positive ROCE suggests effective capital allocation, which is a positive sign for future earnings and EPS growth. This could potentially lead to a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100