Southern First Bancshares Q3 2024 GAAP EPS $0.54 Beats $0.38 Estimate, Sales $20.59M Miss $20.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southern First Bancshares reported Q3 2024 earnings per share of $0.54, surpassing the expected $0.38, but sales of $20.59M fell short of the $20.81M estimate. Sales increased by 6.44% compared to the same period last year.
October 22, 2024 | 11:29 am
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Southern First Bancshares reported better-than-expected Q3 2024 EPS of $0.54, beating the $0.38 estimate, but sales of $20.59M missed the $20.81M estimate. Sales increased by 6.44% year-over-year.
The significant EPS beat suggests strong profitability, which is positive for the stock. However, the slight sales miss may temper enthusiasm. Overall, the positive earnings surprise is likely to have a more substantial impact, leading to a short-term positive effect on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100