First Hawaiian Q2 EPS $0.49 Misses $0.50 Estimate, Sales $207.20M Miss $211.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Hawaiian (NASDAQ:FHB) reported Q2 earnings of $0.49 per share, missing the analyst consensus estimate of $0.50 by 2 percent. The company also reported quarterly sales of $207.20 million, missing the analyst consensus estimate of $211.99 million by 2.26 percent. However, both earnings and sales have increased compared to the same period last year.
July 28, 2023 | 12:03 pm
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NEGATIVE IMPACT
First Hawaiian's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, the YoY growth might mitigate this impact.
Missing analyst estimates often leads to a negative reaction in the stock market. However, the YoY growth in earnings and sales indicates an overall positive trend, which might soften the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100