Heartland Financial USA Q2 EPS $1.11 Misses $1.15 Estimate, Sales $179.63M Miss $181.53M Estimate
Portfolio Pulse from vinayak@benzinga.com
Heartland Financial USA (NASDAQ:HTLF) reported Q2 earnings of $1.11 per share, missing the analyst consensus estimate of $1.15 by 3.48%. This is a 5.13% decrease from the same period last year. The company also reported quarterly sales of $179.63 million, missing the analyst consensus estimate of $181.53 million by 1.05%. This is a 1.48% increase from the same period last year.
July 31, 2023 | 8:37 pm
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NEGATIVE IMPACT
Heartland Financial USA's Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Heartland Financial USA reported lower than expected earnings and sales for Q2. This miss could lead to a decrease in investor confidence, potentially leading to a short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100