Old National Q1 2024 Adj EPS $0.45 Beats $0.43 Estimate, Sales $433.980M Miss $439.914M Estimate
Portfolio Pulse from Benzinga Newsdesk
Old National (NASDAQ:ONB) reported Q1 2024 adjusted EPS of $0.45, surpassing the $0.43 estimate, but its sales of $433.980M fell short of the $439.914M forecast. This represents a 16.67% decrease in earnings and a 4.02% drop in sales from the same period last year.
April 23, 2024 | 12:11 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Old National reported a mixed Q1 2024 with adjusted EPS beating estimates but sales missing forecasts, indicating a decrease in both earnings and sales from the previous year.
The mixed results with an earnings beat but a miss on sales forecasts could lead to neutral short-term market reaction. Investors might appreciate the earnings beat but be concerned about the sales miss and year-over-year declines.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100