First Foundation Q3 Adj EPS $0.05 Beats $0.04 Estimate, Sales $63.77M Beat $63.64M Estimate
Portfolio Pulse from mahesh@benzinga.com
First Foundation (NYSE:FFWM) reported Q3 earnings of $0.05 per share, beating the analyst consensus estimate of $0.04 by 25%. However, this is a 90.2% decrease from the same period last year. The company also reported quarterly sales of $63.77 million, beating the estimate of $63.64 million by 0.21%, but this is a 36.14% decrease from last year.
October 26, 2023 | 11:09 am
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NEUTRAL IMPACT
First Foundation's Q3 earnings and sales beat estimates but are significantly down YoY. This mixed result could lead to uncertain market reactions.
First Foundation's earnings and sales beat estimates, which is positive. However, the significant YoY decrease in both earnings and sales could be a concern for investors, leading to potential uncertainty in the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100