Heartland Financial USA Q1 2024 Adj EPS $1.22 Beats $1.11 Estimate, Sales $181.878M Miss $182.351M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heartland Financial USA (HTLF) reported Q1 2024 adjusted EPS of $1.22, surpassing the $1.11 estimate, but its sales of $181.878M fell short of the $182.351M forecast, marking a slight 0.18% decrease from the previous year.

April 29, 2024 | 11:35 am
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Heartland Financial USA reported a higher-than-expected Q1 2024 EPS but slightly missed sales estimates, showing a minor decrease in sales compared to last year.
The beat on EPS estimates is positive, indicating operational efficiency or higher profitability than anticipated. However, the slight miss on sales forecasts and the year-over-year decrease could raise concerns about revenue growth sustainability. The mixed results present a neutral outlook in the short term as the positive EPS might balance concerns over sales performance.
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RELEVANCE 100