First Western Financial Q4 Adj EPS $0.03 Misses $0.32 Estimate, Sales $22.41M Miss $23.83M Estimate
Portfolio Pulse from bharat@benzinga.com
First Western Financial (NASDAQ:MYFW) reported a significant miss in Q4 earnings, with an adjusted EPS of $0.03 compared to the $0.32 estimate, a 90.63% miss. Year-over-year, this represents a 94.83% decrease from the previous $0.58 EPS. Sales also fell short at $22.41M versus the expected $23.83M, marking a 5.95% miss and a 21.09% decrease from the previous year's $28.40M.
January 25, 2024 | 9:28 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
First Western Financial's Q4 results showed a substantial earnings and sales miss, with EPS down 94.83% YoY and sales down 21.09% YoY.
The substantial miss in both earnings and sales compared to analyst estimates and the significant year-over-year decline are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100