Prosperity Bancshares Q1 2024 GAAP EPS $1.18 Beats $1.16 Estimate, Sales $277.114M Beat $277.072M Estimate
Portfolio Pulse from Benzinga Newsdesk
Prosperity Bancshares (NYSE:PB) reported Q1 2024 earnings of $1.18 per share, surpassing the $1.16 estimate, with sales of $277.114M also beating the $277.072M estimate, despite a 1.64% decrease from the previous year.
April 24, 2024 | 10:39 am
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Prosperity Bancshares reported higher than expected Q1 2024 earnings and sales, with a slight decrease in sales compared to last year.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term. The slight year-over-year sales decrease is noted but is overshadowed by the positive earnings surprise.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100