Banner Q3 2024 Adj. EPS $1.30 Beats $1.16 Estimate, Sales $135.700M Miss $135.742M Estimate
Portfolio Pulse from Benzinga Newsdesk
Banner (NASDAQ:BANR) reported Q3 2024 earnings per share of $1.30, surpassing the analyst estimate of $1.16. However, sales were slightly below expectations at $135.700 million, a 12.13% decrease from the previous year.
October 16, 2024 | 8:02 pm
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NEUTRAL IMPACT
Banner's Q3 2024 earnings per share exceeded expectations, but sales slightly missed estimates and decreased year-over-year.
The positive earnings surprise is offset by the slight miss in sales and a significant year-over-year decline in revenue. This mixed result may lead to neutral short-term stock price movement as investors weigh the earnings beat against the sales decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100