WSFS Financial Q4 Adj EPS $1.15 Beats $1.05 Estimate, Sales $178.13M Beat $177.61M Estimate
Portfolio Pulse from mahesh@benzinga.com
WSFS Financial (NASDAQ:WSFS) reported Q4 adjusted EPS of $1.15, surpassing the consensus estimate of $1.05 by 9.52%. However, this represents a 16.67% decrease from the $1.38 EPS reported in the same quarter last year. Sales reached $178.13M, slightly above the estimate of $177.61M, but marked an 8.13% decline from the previous year's $193.89M.
January 25, 2024 | 9:14 pm
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WSFS Financial exceeded Q4 EPS estimates and reported higher sales than expected, but both earnings and sales have decreased compared to last year.
While WSFS Financial's earnings and sales beat estimates, the year-over-year decline in both metrics may temper investor enthusiasm. The beat on estimates could provide some positive sentiment, but the declines suggest potential underlying challenges that could offset the positive impact in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100