Financial Institutions Q2 EPS $0.91 Beats $0.75 Estimate, Sales $42.34M Beat $41.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Financial Institutions (NASDAQ:FISI) reported Q2 earnings of $0.91 per share, beating the analyst consensus estimate of $0.75 by 21.33%. However, this is a 8.08% decrease from the same period last year. The company also reported quarterly sales of $42.34 million, beating the estimate of $41.74 million by 1.43%, and marking a 1.78% increase from last year.
July 27, 2023 | 8:57 pm
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Financial Institutions reported better than expected Q2 earnings and sales, but a decrease in earnings from last year.
While Financial Institutions beat Q2 earnings and sales estimates, the decrease in earnings from the same period last year could potentially offset the positive impact of the beat. This could lead to a neutral short term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100