Home BancShares Q2 2024 Adj EPS $0.52 Beats $0.49 Estimate, Sales $254.596M Beat $247.208M Estimate
Portfolio Pulse from Benzinga Newsdesk
Home BancShares (NYSE:HOMB) reported Q2 2024 adjusted EPS of $0.52, beating the $0.49 estimate. Sales were $254.596M, surpassing the $247.208M estimate. EPS increased by 1.96% YoY, while sales decreased by 0.99% YoY.
July 17, 2024 | 9:20 pm
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POSITIVE IMPACT
Home BancShares reported better-than-expected Q2 2024 earnings and sales, with EPS of $0.52 beating estimates by 6.12% and sales of $254.596M surpassing estimates by 2.99%. Despite a slight YoY sales decline, the positive earnings surprise is likely to boost investor sentiment.
The positive earnings surprise and sales beat are likely to boost investor sentiment and drive short-term stock price appreciation. The slight YoY sales decline is a minor concern but is outweighed by the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100