1st Source Q2 2024 GAAP EPS $1.49 Beats $1.22 Estimate, Sales $97.415M Beat $94.845M Estimate
Portfolio Pulse from Benzinga Newsdesk
1st Source (NASDAQ:SRCE) reported Q2 2024 GAAP EPS of $1.49, beating the $1.22 estimate by 22.13%. Sales were $97.415M, surpassing the $94.845M estimate by 2.71%. This represents a 14.62% increase in EPS and a 6.51% increase in sales compared to the same period last year.
July 25, 2024 | 9:30 pm
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1st Source (NASDAQ:SRCE) reported strong Q2 2024 earnings, with EPS of $1.49 beating estimates by 22.13% and sales of $97.415M surpassing expectations. This indicates robust financial performance and growth.
The significant beat on both EPS and sales estimates, along with year-over-year growth, suggests strong financial health and positive investor sentiment. This is likely to drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100