S&T Bancorp Q3 2024 GAAP EPS $0.85 Beats $0.81 Estimate, Sales $96.354M Miss $98.889M Estimate
Portfolio Pulse from Benzinga Newsdesk
S&T Bancorp reported Q3 2024 earnings per share of $0.85, beating the consensus estimate of $0.81, but sales of $96.354 million missed the $98.889 million estimate. Earnings decreased by 2.3% and sales by 3.23% compared to the same period last year.
October 17, 2024 | 11:40 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
S&T Bancorp's Q3 2024 earnings per share of $0.85 exceeded expectations, but sales fell short of estimates. Both earnings and sales decreased compared to last year.
The earnings beat is a positive sign, but the miss on sales and the year-over-year decline in both earnings and sales may offset the positive sentiment. This mixed result could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100