South Plains Financial Q3 2024 GAAP EPS $0.66, Inline, Sales $47.929M Miss $49.184M Estimate
Portfolio Pulse from Benzinga Newsdesk
South Plains Financial reported Q3 2024 earnings per share of $0.66, meeting analyst expectations but showing a 15.38% decrease from last year. Sales were $47.929 million, missing the $49.184 million estimate and slightly down from last year.
October 23, 2024 | 8:15 pm
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NEGATIVE IMPACT
South Plains Financial's Q3 2024 earnings per share met expectations at $0.66, but sales missed estimates, coming in at $47.929 million. Both EPS and sales showed a decline compared to the previous year.
The earnings per share met expectations, which is neutral, but the miss on sales and the year-over-year decline in both EPS and sales suggest potential negative sentiment. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100