South Plains Financial Q2 2024 GAAP EPS $0.66 Beats $0.58 Estimate, Sales $48.597M Beat $46.527M Estimate
Portfolio Pulse from Benzinga Newsdesk
South Plains Financial (NASDAQ:SPFI) reported Q2 2024 earnings per share (EPS) of $0.66, surpassing the analyst consensus estimate of $0.58 by 13.79%. The company also reported quarterly sales of $48.597 million, beating the estimate of $46.527 million by 4.45%. However, this represents a 40.71% decrease from the same period last year.
July 18, 2024 | 8:32 pm
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South Plains Financial reported Q2 2024 EPS of $0.66, beating estimates by 13.79%. Sales of $48.597 million also exceeded expectations but were down 40.71% year-over-year.
The positive earnings surprise and sales beat are likely to have a short-term positive impact on SPFI's stock price. However, the significant year-over-year decline in sales may temper investor enthusiasm.
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