Veritex Holdings Q1 2024 Adj EPS $0.53 Misses $0.56 Estimate, Sales $99.468M Miss $108.905M Estimate
Portfolio Pulse from Benzinga Newsdesk
Veritex Holdings (NASDAQ:VBTX) reported Q1 2024 adjusted EPS of $0.53, missing the $0.56 estimate, and sales of $99.468M, missing the $108.905M estimate. This represents a 19.7% decrease in EPS and a 14.93% decrease in sales from the same period last year.

April 23, 2024 | 8:16 pm
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Veritex Holdings reported a significant miss in both EPS and sales for Q1 2024, with a notable year-over-year decline in performance.
The miss in both earnings per share and sales estimates, coupled with the significant year-over-year decline, is likely to negatively impact investor sentiment and could lead to a short-term decrease in Veritex Holdings' stock price. The magnitude of the miss and the comparison to last year's performance are critical factors that investors will consider.
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