Associated Banc Q2 2024 GAAP EPS $0.52, Inline, Sales $321.752M Miss $330.872M Estimate
Portfolio Pulse from Benzinga Newsdesk
Associated Banc (NYSE:ASB) reported Q2 2024 earnings per share (EPS) of $0.52, which met analyst expectations but represented a 7.14% decrease from the same period last year. The company reported sales of $321.752 million, missing the analyst estimate of $330.872 million by 2.76% and showing a 0.53% decrease from the previous year.
July 25, 2024 | 8:28 pm
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Associated Banc's Q2 2024 earnings per share (EPS) of $0.52 met analyst expectations but represented a 7.14% decrease from the same period last year. The company reported sales of $321.752 million, missing the analyst estimate of $330.872 million by 2.76% and showing a 0.53% decrease from the previous year.
The earnings per share (EPS) met expectations, which is neutral news. However, the sales missed estimates by 2.76% and both EPS and sales showed a year-over-year decline, which is likely to have a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100