Recap: WSFS Financial Q4 Earnings
Portfolio Pulse from Benzinga Insights
WSFS Financial (NASDAQ:WSFS) reported Q4 earnings with an EPS of $1.15, surpassing the estimate of $1.05 by 9.52%. However, revenue decreased by $15.76 million compared to the same period last year. In the previous quarter, a beat on EPS estimates resulted in a 0.44% share price increase the following day. The company's past earnings performance shows mixed results with both beats and misses on EPS estimates.
January 25, 2024 | 9:15 pm
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POSITIVE IMPACT
WSFS Financial reported a positive earnings surprise with a 9.52% beat on EPS estimates but faced a decline in year-over-year revenue. Historical data suggests a potential positive reaction in share price following earnings beats.
The positive earnings surprise is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price, similar to the 0.44% rise after last quarter's earnings beat. However, the decline in revenue may temper some of the positive sentiment, making the overall impact moderately positive.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100