First Internet: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
First Internet (NASDAQ:INBK) reported Q4 earnings with an EPS of $0.48, surpassing estimates by 54.84% against the expected $0.31. However, revenue declined by $268 thousand compared to the same period last year. In the previous quarter, a beat on EPS estimates was followed by a 9.81% rise in share price the next day. The company's past earnings performance shows a consistent pattern of surpassing EPS estimates.
January 24, 2024 | 9:35 pm
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First Internet reported a strong Q4 earnings beat with an EPS of $0.48, significantly higher than the estimated $0.31. However, revenues saw a slight decline from the previous year.
The substantial earnings beat is likely to be viewed positively by investors, as historical data suggests a positive correlation between earnings beats and stock price increases for INBK. The slight revenue decline may temper the response, but the focus is likely to remain on the strong EPS performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100