Hilltop Hldgs Q1 Sales $103.62M Miss $109.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hilltop Holdings (HTH) reported Q1 sales of $103.62M, missing the consensus estimate of $109.53M by 5.39%, marking a 14.86% decrease from last year's $121.70M.
April 18, 2024 | 8:47 pm
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NEGATIVE IMPACT
Hilltop Holdings reported lower than expected Q1 sales, missing estimates by 5.39% and experiencing a significant year-over-year decline.
Missing sales estimates and reporting a significant year-over-year decline are negative indicators that can lead to a decrease in investor confidence and potentially lower stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100