Valley Ntl Q2 2024 Adj EPS $0.13 Misses $0.19 Estimate, Sales $452.898M Miss $459.866M Estimate
Portfolio Pulse from Benzinga Newsdesk
Valley National (NASDAQ: VLY) reported Q2 2024 adjusted EPS of $0.13, missing the $0.19 estimate by 31.58%. Sales were $452.898M, missing the $459.866M estimate by 1.52% and down 5.61% from last year.
July 25, 2024 | 11:03 am
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NEGATIVE IMPACT
Valley National reported Q2 2024 adjusted EPS of $0.13, missing the $0.19 estimate by 31.58%. Sales were $452.898M, missing the $459.866M estimate by 1.52% and down 5.61% from last year.
The significant miss on EPS and slight miss on sales, combined with a year-over-year decline in sales, are likely to negatively impact VLY's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100