Piper Sandler Q1 2024 Adj EPS $2.79 Beats $2.19 Estimate, Sales $343.056M Beat $314.961M Estimate
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler (NYSE:PIPR) reported Q1 2024 adjusted EPS of $2.79, surpassing the $2.19 estimate, and sales of $343.056M, exceeding the $314.961M estimate. This represents a 27.4% EPS beat and an 8.92% sales beat, with year-over-year growth of 18.72% in earnings and 15.16% in sales.
April 26, 2024 | 12:07 pm
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Piper Sandler reported a significant beat on both earnings and sales estimates for Q1 2024, with adjusted EPS at $2.79 and sales of $343.056M, indicating strong financial performance and growth.
The substantial beat on both earnings per share and sales estimates for Q1 2024 suggests that Piper Sandler is performing significantly better than expected, which could lead to increased investor confidence and a potential rise in stock price in the short term. The year-over-year growth in earnings and sales further reinforces the company's upward trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100