Wintrust Finl Q4 EPS $1.87 Vs $2.23 prior Year, Sales $570.80M Miss $579.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wintrust Financial Corporation (NASDAQ: WTFC) reported a decrease in Q4 earnings per share (EPS) from $2.23 last year to $1.87 this year, a 16.14% drop. The company's quarterly sales were $570.80 million, missing the analyst consensus estimate of $579.20 million by 1.45%, but still marking a 3.66% increase from the previous year's sales of $550.65 million.
January 17, 2024 | 9:53 pm
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Wintrust Financial Corporation reported lower Q4 EPS of $1.87, down from $2.23 YOY, and missed sales estimates by 1.45%, with $570.80M reported.
The reported decrease in EPS and the miss on sales estimates are likely to be viewed negatively by investors, potentially leading to a short-term decline in WTFC's stock price. The earnings miss is significant as it reflects a decrease in profitability, and missing sales estimates may indicate slower growth than expected, both of which are critical factors for stock valuation.
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