Barclays Q3 2024 GAAP EPS $0.56 Misses $0.71 Estimate, Sales $8.513B Up From $7.922B YoY
Portfolio Pulse from Benzinga Newsdesk
Barclays reported Q3 2024 earnings per share of $0.56, missing the analyst consensus estimate of $0.71 by 21.13%. However, sales increased by 7.45% year-over-year to $8.513 billion.
October 24, 2024 | 7:37 am
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Barclays' Q3 2024 earnings per share of $0.56 fell short of expectations, missing the consensus estimate of $0.71. Despite this, the company saw a 7.45% increase in sales year-over-year, reaching $8.513 billion.
The significant miss on EPS compared to analyst expectations is likely to negatively impact the stock price in the short term. However, the increase in sales may provide some support, but the earnings miss is the more dominant factor.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100