Recap: First Financial Northwest Q4 Earnings
Portfolio Pulse from Benzinga Insights
First Financial Northwest (NASDAQ:FFNW) reported Q4 earnings with an EPS of $0.13, missing estimates by 7.14% against the expected $0.14. Revenue declined by $3.19 million compared to the same period last year. In the previous quarter, FFNW beat EPS estimates which resulted in a 6.18% share price increase the following day.
January 25, 2024 | 2:35 pm
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First Financial Northwest reported lower than expected Q4 earnings and a decrease in revenue, which may negatively impact investor sentiment and the stock price in the short term.
Historically, stocks tend to react negatively to earnings misses. FFNW's miss, coupled with a significant year-over-year revenue decline, is likely to result in a negative short-term impact on the stock price, especially considering the stock's positive reaction to the previous quarter's earnings beat.
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IMPORTANCE 75
RELEVANCE 100