1st Source Q4 EPS $1.15, Inline, Sales $91.57M Beat $91.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
1st Source Corporation (NASDAQ:SRCE) reported Q4 earnings per share (EPS) of $1.15, which was in line with analyst estimates. However, this represents an 8% decrease from the $1.25 EPS reported in the same quarter of the previous year. The company's quarterly sales were $91.57 million, slightly surpassing the consensus estimate of $91.30 million by 0.30%, but this figure is 3.34% lower than the sales reported in the same period last year.
January 18, 2024 | 9:18 pm
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NEUTRAL IMPACT
1st Source Corporation's Q4 EPS met analyst expectations but showed an 8% YOY decrease. Sales exceeded estimates marginally but also displayed a 3.34% YOY decline.
While SRCE's EPS met analyst predictions, the year-over-year decline in both EPS and sales may concern investors. The slight sales beat is positive, but the overall decrease compared to last year's figures could suggest a negative trend in growth, potentially leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100