Wesbanco Q1 2024 Adj EPS $0.56 Beats $0.55 Estimate, Sales $113.966M Miss $116.830M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wesbanco (WSBC) reported Q1 2024 adjusted EPS of $0.56, surpassing the $0.55 estimate, but its sales of $113.966M fell short of the $116.830M forecast, marking an 8.34% decrease from the previous year.
April 23, 2024 | 8:30 pm
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NEUTRAL IMPACT
Wesbanco's Q1 2024 earnings beat EPS estimates but missed on sales, with a notable year-over-year decrease.
The mixed results with an EPS beat but a miss on sales forecasts could lead to neutral market sentiment in the short term. The decrease in sales year-over-year is concerning, but the EPS beat may offset negative perceptions to some extent.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100