Reported Thursday, Peoples Financial Servs Q2 Adj. EPS $0.59 Beats $0.52 Estimate, Sales $22.46M Miss $23.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Peoples Financial Services (NASDAQ: PFIS) reported Q2 adjusted EPS of $0.59, beating the estimate of $0.52, but sales of $22.46M missed the $23.50M estimate. EPS decreased by 54.96% YoY, and sales decreased by 12.44% YoY.
July 26, 2024 | 6:04 am
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Peoples Financial Services reported Q2 adjusted EPS of $0.59, beating the estimate of $0.52, but sales of $22.46M missed the $23.50M estimate. EPS decreased by 54.96% YoY, and sales decreased by 12.44% YoY.
While the EPS beat estimates, the significant YoY decrease in both EPS and sales, along with the sales miss, creates a mixed outlook. Investors may react neutrally in the short term as positive EPS is offset by declining sales and YoY performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100