Wintrust Finl Q2 2024 GAAP EPS $2.32 Misses $2.42 Estimate, Sales $591.757M Beat $587.329M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wintrust Financial (NASDAQ:WTFC) reported Q2 2024 earnings per share (EPS) of $2.32, missing the analyst estimate of $2.42 by 4.13%. However, the company reported sales of $591.757 million, beating the estimate of $587.329 million by 0.75%. This represents a 5.56% increase over the same period last year.
July 17, 2024 | 8:18 pm
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NEUTRAL IMPACT
Wintrust Financial's Q2 2024 EPS missed estimates by 4.13%, but sales beat expectations and increased by 5.56% YoY.
The mixed results, with EPS missing but sales beating estimates, suggest a neutral short-term impact on WTFC's stock price. The sales growth is a positive sign, but the EPS miss may offset this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100