Ameris Q1 2024 Adj EPS $1.10 Beats $1.04 Estimate, Sales $267.266M Beat $258.046M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ameris (NASDAQ:ABCB) reported Q1 2024 adjusted EPS of $1.10, surpassing the $1.04 estimate, and sales of $267.266M, exceeding the $258.046M forecast. This represents a 27.91% increase in EPS and a slight 0.16% decrease in sales from the same period last year.
April 25, 2024 | 8:56 pm
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POSITIVE IMPACT
Ameris reported a significant beat on Q1 2024 EPS and sales estimates, with a 27.91% increase in EPS year-over-year and a slight sales decrease.
Beating both EPS and sales estimates significantly, especially with a notable year-over-year EPS growth, is likely to positively impact investor sentiment and Ameris's stock price in the short term. The slight decrease in sales is overshadowed by the earnings beat.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100