Heritage Financial Q1 2024 GAAP EPS $0.40, Inline, Sales $48.630M Miss $59.894M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heritage Financial (NASDAQ:HFWA) reported Q1 2024 earnings of $0.40 per share, meeting consensus estimates but marking a 31.03% decrease from the previous year. Sales were $48.630M, missing estimates by 18.81% and showing a 28.59% decrease year-over-year.
April 25, 2024 | 12:06 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Heritage Financial reported Q1 2024 earnings per share of $0.40, in line with estimates but down 31.03% YOY. Sales were $48.630M, missing estimates by 18.81% and down 28.59% YOY.
The reported earnings per share met analyst expectations, which might mitigate some negative impact. However, the significant year-over-year decrease in both earnings and sales, along with missing sales estimates by a wide margin, is likely to negatively affect investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100