Northwest Bancshares Q2 GAAP EPS $0.04 Beats $(0.02) Estimate, Sales $106.84M Beat $104.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Northwest Bancshares (NASDAQ:NWBI) reported Q2 GAAP EPS of $0.04, beating the $(0.02) estimate but missing the $0.22 consensus estimate by 81.82%. Sales were $106.84M, beating the $104.44M estimate but down 1.57% YoY.
July 23, 2024 | 11:07 am
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Northwest Bancshares reported Q2 GAAP EPS of $0.04, beating the $(0.02) estimate but missing the $0.22 consensus estimate by 81.82%. Sales were $106.84M, beating the $104.44M estimate but down 1.57% YoY.
Despite beating the sales estimate and the $(0.02) EPS estimate, NWBI's significant miss on the consensus EPS estimate and the YoY decline in both EPS and sales are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100