QCR Hldgs Q1 2024 Adj EPS $1.59 Beats $1.30 Estimate, Sales $54.699M Miss $63.769M Estimate
Portfolio Pulse from Benzinga Newsdesk
QCR Holdings (NASDAQ:QCRH) reported Q1 2024 adjusted EPS of $1.59, surpassing the $1.30 estimate, but its sales of $54.699M fell short of the $63.769M forecast. This represents a slight decrease in both earnings and sales from the same period last year.
April 23, 2024 | 8:56 pm
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QCR Holdings reported a mixed Q1 2024 financial performance with earnings exceeding expectations but sales missing forecasts.
The beat on EPS is positive, indicating operational efficiency or cost management that exceeded analyst expectations. However, the miss on sales forecasts could signal underlying issues in revenue generation or market challenges. The mixed results present a neutral outlook in the short term as the positive earnings surprise may offset concerns about sales performance.
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