Investar Holding Q3 2024 Adj. EPS $(0.45) Misses $0.33 Estimate, Sales $21.400M Beat $19.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
Investar Holding reported a Q3 2024 adjusted EPS of $(0.45), missing the estimate of $0.33. However, their sales were $21.4M, surpassing the expected $19.6M.
October 21, 2024 | 10:11 am
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NEGATIVE IMPACT
Investar Holding's Q3 2024 earnings report shows a significant EPS miss at $(0.45) compared to the $0.33 estimate, indicating potential profitability issues. However, sales exceeded expectations at $21.4M, suggesting strong revenue performance.
The significant EPS miss suggests potential profitability issues, which is a negative indicator for the stock price. However, the sales beat indicates strong revenue performance, which could mitigate some negative sentiment. Overall, the EPS miss is likely to have a more substantial impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100