First Financial Q1 2024 GAAP EPS $0.93 Misses $0.98 Estimate, Sales $48.351M Miss $50.789M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Financial (NASDAQ:THFF) reported Q1 2024 earnings of $0.93 per share, missing the consensus estimate of $0.98. Quarterly sales were $48.351M, below the $50.789M estimate, marking a 9.98% decrease from the previous year.
April 30, 2024 | 2:18 pm
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NEGATIVE IMPACT
First Financial reported lower-than-expected Q1 2024 earnings and sales, missing estimates and showing a significant year-over-year decline.
Missing both earnings and sales estimates, especially with a significant year-over-year sales decline, typically leads to negative investor sentiment in the short term. This could result in downward pressure on THFF's stock price as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100