Enterprise Finl Servs Q1 2024 Adj EPS $1.07 Misses $1.11 Estimate, Sales $149.886M Miss $157.335M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enterprise Financial Services Corp (EFSC) reported Q1 2024 adjusted EPS of $1.07, missing the $1.11 estimate, and sales of $149.886M, below the $157.335M estimate. This represents a 26.71% decrease in earnings and a 4.18% decrease in sales from the same period last year.

April 22, 2024 | 8:44 pm
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NEGATIVE IMPACT
EFSC reported a miss in both Q1 2024 EPS and sales, with a significant year-over-year decrease in earnings and sales.
Missing both EPS and sales estimates, especially with a significant year-over-year decrease, typically leads to negative investor sentiment in the short term. The reported figures indicate a downturn in the company's financial performance, which could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100