Wintrust Finl Q3 2024 GAAP EPS $2.47 Misses $2.51 Estimate, Sales $615.73M Miss $622.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wintrust Financial reported Q3 2024 earnings per share of $2.47, missing the analyst estimate of $2.51. Sales were $615.73 million, also below the expected $622.08 million. Despite the misses, sales increased by 7.11% compared to the same period last year.
October 21, 2024 | 9:33 pm
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Wintrust Financial's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $2.47 and sales at $615.73 million. However, sales increased by 7.11% year-over-year.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors and could lead to a short-term decline in stock price. However, the year-over-year sales growth of 7.11% may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100