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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100