Central Pacific Financial Q1 2024 GAAP EPS $0.48 Beats $0.45 Estimate, Sales $50.187M Miss $50.230M Estimate
Portfolio Pulse from Benzinga Newsdesk
Central Pacific Financial (CPF) reported Q1 2024 earnings of $0.48 per share, surpassing the $0.45 estimate, but missed sales estimates by a slight margin with $50.187M against the expected $50.230M. This represents a 7.40% decrease in sales compared to the same period last year.
April 24, 2024 | 10:40 am
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NEUTRAL IMPACT
CPF's Q1 2024 earnings beat EPS estimates but missed on sales, with a 7.40% YoY decrease in sales.
While CPF's earnings per share exceeded expectations, the slight miss in sales and the year-over-year decrease could temper investor enthusiasm. The EPS beat suggests operational efficiency, but the sales miss and decrease might raise concerns about growth, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100