Earnings Preview: 1st Source
Portfolio Pulse from Benzinga Insights
1st Source (NASDAQ:SRCE) is scheduled to release its quarterly earnings report on January 18, 2024. Analysts predict an EPS of $1.15. Investors are looking for an earnings beat and positive guidance for future growth. Historically, SRCE's stock price has been sensitive to earnings performance and guidance. Last quarter, SRCE beat the EPS estimate by $0.22, leading to a 2.6% stock price increase. Over the past year, SRCE shares have declined by 1.62%.
January 17, 2024 | 3:00 pm
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1st Source is expected to report an EPS of $1.15 in its upcoming earnings. Historical data shows that beats can positively impact the stock price, while shares have been down 1.62% over the last year.
Given SRCE's history of stock price increases following an earnings beat, a positive report could lead to a short-term uptick in stock price. However, the overall negative performance over the past year may temper expectations.
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IMPORTANCE 90
RELEVANCE 100