Primis Finl Q2 2024 GAAP EPS $0.32 Misses $0.38 Estimate, Sales $42.116M Beat $29.286M Estimate
Portfolio Pulse from Benzinga Newsdesk
Primis Financial (NASDAQ: FRST) reported Q2 2024 earnings per share (EPS) of $0.32, missing the analyst consensus estimate of $0.38 by 15.79%. However, the company reported quarterly sales of $42.116 million, beating the analyst consensus estimate of $29.286 million by 43.81%. This represents a 21.57% increase over sales of $34.643 million in the same period last year.
July 25, 2024 | 9:19 pm
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Primis Financial (NASDAQ: FRST) reported Q2 2024 EPS of $0.32, missing estimates by 15.79%, but sales of $42.116 million beat estimates by 43.81%, showing a 21.57% YoY increase.
While the EPS miss might concern some investors, the significant beat in sales and the year-over-year growth in revenue could offset the negative sentiment. The mixed results are likely to result in a neutral short-term impact on the stock price.
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