Heritage Financial Q2 2024 Adj EPS $0.45 Beats $0.40 Estimate, Sales $56.359M Miss $58.293M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heritage Financial (NASDAQ:HFWA) reported Q2 2024 adjusted EPS of $0.45, beating the estimate of $0.40. However, sales of $56.359 million missed the $58.293 million estimate and were down 10.69% year-over-year.
July 25, 2024 | 12:05 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Heritage Financial (NASDAQ:HFWA) reported Q2 2024 adjusted EPS of $0.45, beating the estimate of $0.40 by 12.5%. However, sales of $56.359 million missed the $58.293 million estimate and were down 10.69% year-over-year.
The positive EPS surprise is offset by the sales miss and year-over-year decline, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100