QCR Hldgs Q3 2024 Adj. EPS $1.78 Beats $1.52 Estimate, Sales $59.722M Miss $61.466M Estimate
Portfolio Pulse from Benzinga Newsdesk
QCR Holdings reported Q3 2024 earnings per share of $1.78, surpassing the analyst estimate of $1.52, marking a 17.88% increase from last year. However, sales were $59.722 million, missing the $61.466 million estimate but still up 8.08% from last year.
October 23, 2024 | 8:09 pm
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QCR Holdings reported better-than-expected Q3 2024 EPS of $1.78, beating estimates by 17.11%. Despite missing sales estimates, revenue increased by 8.08% YoY.
The positive EPS surprise is likely to have a favorable impact on QCRH's stock price in the short term, as it indicates better profitability than expected. The sales miss is a negative factor but is less significant given the strong EPS performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100