Dime Community Bancshares Q3 2024 Adj. EPS $0.29 Misses $0.41 Estimate, Sales $87.555M Beat $78.147M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dime Community Bancshares reported Q3 2024 earnings per share of $0.29, missing the consensus estimate of $0.41. However, the company exceeded sales expectations with $87.555 million, surpassing the estimate of $78.147 million and showing a 3.73% increase from the previous year.
October 22, 2024 | 11:32 am
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Dime Community Bancshares reported Q3 2024 EPS of $0.29, missing the $0.41 estimate, but sales of $87.555M beat the $78.147M estimate, showing a 3.73% YoY increase.
The mixed earnings report, with EPS missing but sales beating expectations, suggests a neutral short-term impact on DCOM's stock price. The sales beat indicates strong revenue performance, but the EPS miss could raise concerns about profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100