First Financial Northwest Q1 2024 GAAP EPS $(0.12) Misses $0.07 Estimate, Sales $8.900M Miss $9.280M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Financial Northwest (FFNW) reported Q1 2024 GAAP EPS of $(0.12), missing the $0.07 estimate, with sales of $8.900M also missing the $9.280M estimate. This represents a 20.93% decrease in sales compared to the same period last year.

April 30, 2024 | 8:47 pm
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NEGATIVE IMPACT
First Financial Northwest reported a significant miss in both EPS and sales for Q1 2024, with a notable year-over-year decrease in sales.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price of FFNW in the short term. The magnitude of the miss and the comparison to last year's performance highlight underlying challenges that could concern investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100