First Western Financial Q2 2024 GAAP EPS $0.11 Misses $0.32 Estimate, Sales $22.750M Miss $24.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Western Financial (NASDAQ:MYFW) reported Q2 2024 earnings of $0.11 per share, missing the analyst estimate of $0.32 by 65.63%. Sales were $22.75M, missing the $24.2M estimate by 5.99%. Earnings decreased by 31.25% YoY, while sales increased by 1.58% YoY.
July 23, 2024 | 9:14 pm
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First Western Financial reported Q2 2024 earnings of $0.11 per share, significantly missing the analyst estimate of $0.32. Sales also missed expectations, coming in at $22.75M versus the $24.2M estimate. The earnings per share decreased by 31.25% year-over-year, while sales saw a modest increase of 1.58%.
The significant miss on both earnings per share and sales compared to analyst estimates is likely to negatively impact the stock price in the short term. The year-over-year decrease in earnings further adds to the negative sentiment, despite a slight increase in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100