First Busey Q3 2024 Adj. EPS $0.58 Beats $0.54 Estimate, Sales $118.492M Miss $119.015M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Busey reported Q3 2024 earnings per share of $0.58, surpassing the estimate of $0.54, but sales of $118.492 million slightly missed the $119.015 million estimate. Sales increased by 8.62% compared to the same period last year.
October 22, 2024 | 9:01 pm
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POSITIVE IMPACT
First Busey's Q3 2024 EPS of $0.58 beat expectations, but sales of $118.492M slightly missed estimates. Sales grew 8.62% YoY, indicating positive growth despite the sales miss.
The EPS beat suggests strong profitability, which is positive for the stock. The slight sales miss is offset by the significant YoY sales growth, indicating overall positive performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100