Bancorp Q3 2024 GAAP EPS $1.04 Misses $1.13 Estimate, Sales $93.732M Miss $99.310M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bancorp (NASDAQ:TBBK) reported Q3 2024 earnings per share of $1.04, missing the analyst estimate of $1.13. Sales were $93.732 million, below the expected $99.310 million, but up 5.46% from last year.
October 24, 2024 | 8:12 pm
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Bancorp's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $1.04 and sales at $93.732M. Despite the miss, sales increased by 5.46% year-over-year.
Bancorp's earnings and sales both missed analyst expectations, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales growth of 5.46% may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100