Flushing Financial Q1 2024 GAAP EPS $0.14, Inline, Sales $45.481M Miss $48.286M Estimate
Portfolio Pulse from Benzinga Newsdesk
Flushing Financial (NASDAQ:FFIC) reported Q1 2024 earnings of $0.14 per share, meeting consensus estimates but with a 133.33% increase from the previous year. However, their sales of $45.481M fell short of the $48.286M estimate, marking a 12.82% decrease from the previous year.
April 23, 2024 | 9:51 pm
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NEUTRAL IMPACT
Flushing Financial reported Q1 2024 earnings per share of $0.14, aligning with estimates and showing significant growth from the previous year, but their sales missed estimates and showed a decline from the previous year.
The alignment of FFIC's EPS with analyst estimates and the significant year-over-year growth could be seen positively by investors, potentially offsetting the negative impact of the sales miss and year-over-year decrease. The mixed results lead to a neutral short-term price direction score.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100