Raymond James Finl Q3 Adj $1.85 Misses $2.16 Estimate, Sales $2.91B Inline
Portfolio Pulse from Benzinga Newsdesk
Raymond James Financial (RJF) reported Q3 earnings of $1.85 per share, missing the analyst consensus estimate of $2.16 by 14.35%. However, this is a 14.91% increase over earnings of $1.61 per share from the same period last year. The company reported quarterly sales of $2.91 billion, in line with the analyst consensus estimate, and a 7.06% increase over sales of $2.72 billion the same period last year.
July 26, 2023 | 9:33 pm
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NEUTRAL IMPACT
Raymond James Financial's Q3 earnings missed analyst estimates by 14.35%, but sales met expectations. This mixed report may lead to short-term uncertainty in the stock's performance.
Raymond James Financial's earnings miss could negatively impact the stock as it indicates the company may not be performing as well as expected. However, the in-line sales and year-over-year growth in both earnings and sales could offset this negative impact, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100