Independent Bank Q3 2024 GAAP EPS $1.01 Misses $1.05 Estimate
Portfolio Pulse from Benzinga Newsdesk
Independent Bank reported Q3 2024 earnings per share of $1.01, missing the analyst consensus estimate of $1.05 by 3.81%.
October 17, 2024 | 8:18 pm
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NEGATIVE IMPACT
Independent Bank's Q3 2024 earnings per share of $1.01 fell short of the expected $1.05, missing by 3.81%. This earnings miss could lead to a negative short-term impact on the stock price.
The earnings per share (EPS) is a critical metric for investors, and missing the consensus estimate by 3.81% suggests that the company's performance was below expectations. This can lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100