Texas Capital Bancshares Q3 2024 GAAP EPS $(1.41) Misses $(1.07) Estimate, Sales $125.331M Miss $254.311M Estimate
Portfolio Pulse from Benzinga Newsdesk
Texas Capital Bancshares reported a significant miss in both earnings and sales for Q3 2024, with EPS at $(1.41) and sales at $125.331 million, both falling short of analyst estimates.
October 17, 2024 | 10:06 am
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NEGATIVE IMPACT
Texas Capital Bancshares reported a Q3 2024 EPS of $(1.41), missing the estimate of $(1.07) by 31.78%. Sales were $125.331M, missing the $254.311M estimate by 50.72%. This represents a 55.07% decrease from the previous year's sales.
The significant miss in both EPS and sales compared to analyst estimates, along with a substantial year-over-year sales decline, suggests negative investor sentiment and potential downward pressure on the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100