Financial Institutions Q3 2024 GAAP EPS $0.84 Beats $0.76 Estimate, Sales $40.681M Miss $42.169M Estimate
Portfolio Pulse from Benzinga Newsdesk
Financial Institutions (NASDAQ:FISI) reported Q3 2024 earnings per share of $0.84, surpassing the analyst estimate of $0.76. However, sales were $40.681 million, falling short of the $42.169 million estimate and down 2.39% from the previous year.
October 24, 2024 | 8:16 pm
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Financial Institutions reported better-than-expected Q3 2024 EPS of $0.84, but sales missed estimates and declined year-over-year.
The positive EPS surprise indicates better profitability, which is favorable for the stock. However, the sales miss and year-over-year decline could raise concerns about revenue growth, balancing the impact.
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