Financial Institutions Q2 2024 GAAP EPS $1.62 Misses $2.01 Estimate, Sales $41.193M Miss $45.086M Estimate
Portfolio Pulse from Benzinga Newsdesk
Financial Institutions (NASDAQ:FISI) reported Q2 2024 earnings per share (EPS) of $1.62, missing the analyst consensus estimate of $2.01 by 19.4%. The company also reported quarterly sales of $41.193 million, which missed the estimate of $45.086 million by 8.63%. This represents a 2.70% decrease from the same period last year.
July 25, 2024 | 8:36 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Financial Institutions (NASDAQ:FISI) reported Q2 2024 earnings per share (EPS) of $1.62, missing the analyst consensus estimate of $2.01 by 19.4%. The company also reported quarterly sales of $41.193 million, which missed the estimate of $45.086 million by 8.63%. This represents a 2.70% decrease from the same period last year.
The significant miss on both EPS and sales estimates, along with a year-over-year sales decline, is likely to negatively impact FISI's stock price in the short term. Investors may react to the underperformance compared to expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100