First Interstate BancSys Q3 EPS $0.70 Beats $0.62 Estimate, Sales $255.70M Miss $258.97M Estimate
Portfolio Pulse from bharat@benzinga.com
First Interstate BancSys (NASDAQ:FIBK) reported Q3 earnings of $0.70 per share, beating the analyst consensus estimate of $0.62 by 12.9%. However, this is a 12.5% decrease from the same period last year. The company's quarterly sales of $255.70M missed the analyst consensus estimate of $258.97M by 1.26%, marking an 11.74% decrease from the same period last year.
October 25, 2023 | 8:49 pm
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NEUTRAL IMPACT
First Interstate BancSys beat Q3 earnings estimates but missed on sales and reported decreases from the same period last year.
While the company beat earnings estimates, the miss on sales and the year-over-year decreases in both earnings and sales could have a mixed impact on the stock. Investors may be pleased with the earnings beat, but concerned about the sales miss and the decreases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100