Atlantic Union Bankshares Q1 2024 Adj EPS $0.65 Misses $0.72 Estimate, Sales $173.377M Miss $181.921M Estimate
Portfolio Pulse from Benzinga Newsdesk
Atlantic Union Bankshares (NYSE:AUB) reported Q1 2024 adjusted EPS of $0.65, missing the $0.72 estimate, and sales of $173.377M, missing the $181.921M estimate. This represents a 3.17% increase in EPS and a 6.32% increase in sales from the same period last year.
April 23, 2024 | 10:54 am
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Atlantic Union Bankshares reported a Q1 2024 EPS of $0.65 and sales of $173.377M, both missing estimates but showing year-over-year growth.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the year-over-year growth in both EPS and sales might mitigate some negative impact.
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