Stifel Financial Q3 Adj EPS $0.60 Misses $1.29 Estimate, Sales $1.04B Miss $1.07B Estimate
Portfolio Pulse from bharat@benzinga.com
Stifel Financial (NYSE:SF) reported Q3 earnings of $0.60 per share, missing the analyst consensus estimate of $1.29 by 53.49%. The company also reported quarterly sales of $1.04 billion, missing the analyst consensus estimate of $1.07 billion by 2.34%. This represents a 53.49% decrease in earnings and no change in sales compared to the same period last year.
October 25, 2023 | 11:05 am
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Stifel Financial's Q3 earnings and sales missed analyst estimates, with a significant decrease in earnings compared to last year. This could negatively impact the company's stock price in the short term.
Stifel Financial's earnings and sales both missed analyst estimates, which is typically seen as a negative signal by the market. The significant decrease in earnings compared to the same period last year could further exacerbate this negative impact. Therefore, it is expected that the company's stock price may decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100