Home BancShares Q3 2024 Adj EPS $0.50 Misses $0.53 Estimate, Sales $257.99M Miss $258.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Home BancShares reported Q3 2024 earnings of $0.50 per share, missing the consensus estimate of $0.53. Sales were $257.99 million, slightly below the $258.90 million estimate. Despite missing estimates, both earnings and sales showed year-over-year growth.
October 16, 2024 | 9:19 pm
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Home BancShares reported Q3 2024 earnings of $0.50 per share, missing the consensus estimate of $0.53. Sales were $257.99 million, slightly below the $258.90 million estimate. Despite missing estimates, both earnings and sales showed year-over-year growth.
The earnings per share and sales figures both missed analyst estimates, which is typically viewed negatively by investors and could lead to a short-term decline in stock price. However, the year-over-year growth in both earnings and sales may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100