Stifel Financial Q3 2024 Adj. EPS $1.50 Misses $1.60 Estimate, Sales $1.225B Beat $1.199B Estimate
Portfolio Pulse from Benzinga Newsdesk
Stifel Financial reported Q3 2024 earnings per share of $1.50, missing the consensus estimate of $1.60, but showed a significant increase from last year's $0.60. Sales were $1.225 billion, surpassing the estimate of $1.199 billion and marking a 17.22% increase from the previous year.
October 23, 2024 | 11:06 am
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Stifel Financial's Q3 2024 earnings per share of $1.50 missed analyst expectations of $1.60, but sales of $1.225 billion exceeded estimates. Despite the EPS miss, the company showed strong growth compared to last year.
The EPS miss might negatively impact the stock price, but the strong sales performance and significant growth from last year could offset this. The mixed results suggest a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100