Reported Late Monday, Sound Financial Bancorp Q1 EPS $0.30 Down From $0.83 YoY, Sales $8.56M Down From $10.34M YoY
Portfolio Pulse from Benzinga Newsdesk
Sound Financial Bancorp (NASDAQ:SFBC) reported a significant decrease in Q1 earnings and sales YoY, with EPS down to $0.30 from $0.83 and sales dropping to $8.56M from $10.34M.
April 30, 2024 | 8:37 am
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NEGATIVE IMPACT
Sound Financial Bancorp reported a 63.86% decrease in EPS and a 17.25% decrease in sales YoY for Q1.
The significant decrease in both earnings per share (EPS) and sales year-over-year (YoY) for Sound Financial Bancorp is likely to negatively impact investor sentiment and the stock price in the short term. A drop in EPS, especially one as substantial as 63.86%, along with a decrease in sales, indicates a challenging financial period for the company, which could lead to bearish market behavior towards SFBC's stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100