Central Pacific Financial Q2 2024 GAAP EPS $0.58 Beats $0.47 Estimate, Sales $51.921M Beat $50.630M Estimate
Portfolio Pulse from Benzinga Newsdesk
Central Pacific Financial (NYSE:CPF) reported Q2 2024 earnings per share (EPS) of $0.58, surpassing the analyst consensus estimate of $0.47 by 23.4%. The company also reported quarterly sales of $51.921 million, beating the estimate of $50.630 million by 2.55%. However, this represents a 1.54% decrease from the same period last year.
July 31, 2024 | 10:29 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Central Pacific Financial reported strong Q2 2024 earnings, with EPS and sales both beating analyst estimates. Despite a slight year-over-year sales decline, the positive earnings surprise is likely to boost investor confidence in the short term.
The significant beat on both EPS and sales estimates indicates strong financial performance, which is likely to positively impact the stock price in the short term. The slight year-over-year sales decline is a minor concern but is outweighed by the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100