Barclays Q1 2024 GAAP EPS $0.52 Misses $0.58 Estimate, Sales $8.818B Up From $8.790B YoY
Portfolio Pulse from Benzinga Newsdesk
Barclays reported Q1 2024 GAAP EPS of $0.52, missing the $0.58 estimate, with sales rising slightly to $8.818B from $8.790B YoY.
April 25, 2024 | 8:13 am
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Barclays Q1 2024 earnings missed estimates with an EPS of $0.52 against a $0.58 consensus, though sales increased marginally YoY.
Missing the EPS estimate by 10.34% is likely to negatively impact investor sentiment in the short term, despite the slight increase in sales. The miss on earnings per share, a key metric for investors, suggests potential operational or market challenges that could affect the stock price negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100