First Internet Q4 Adj $0.48 Beats $0.31 Estimate, Sales $27.21M Beat $19.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Internet (NASDAQ:INBK) exceeded analyst expectations for Q4 with adjusted earnings of $0.48 per share, surpassing the estimate of $0.31, and reported sales of $27.21M, beating the $19.28M estimate. However, there was a 29.41% decrease in earnings and a 0.98% decrease in sales compared to the same period last year.
January 24, 2024 | 9:33 pm
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First Internet's Q4 results beat analyst estimates with higher earnings and sales, but showed a decrease from the previous year's figures.
Beating earnings and sales estimates typically has a positive impact on a company's stock price in the short term. However, the reported decreases in earnings and sales compared to the previous year may temper investor enthusiasm, potentially limiting the upside.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100