Raymond James Finl Q3 2024 Adj EPS $2.39 Beats $2.32 Estimate, Sales $3.230B Miss $3.244B Estimate
Portfolio Pulse from Benzinga Newsdesk
Raymond James Financial (NYSE:RJF) reported Q3 2024 adjusted EPS of $2.39, beating the estimate of $2.32. However, sales of $3.230 billion missed the estimate of $3.244 billion. Sales increased by 11% compared to the same period last year.
July 24, 2024 | 8:13 pm
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Raymond James Financial reported Q3 2024 adjusted EPS of $2.39, beating the estimate of $2.32. However, sales of $3.230 billion missed the estimate of $3.244 billion. Sales increased by 11% compared to the same period last year.
The beat on EPS is a positive indicator for the stock, suggesting better-than-expected profitability. The slight miss on sales is less concerning given the 11% YoY growth, which shows strong performance. Overall, the positive EPS surprise is likely to have a more significant impact on the stock price in the short term.
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