1st Source Q3 2024 GAAP EPS $1.41 Beats $1.34 Estimate, Sales $98.078M Beat $97.524M Estimate
Portfolio Pulse from Benzinga Newsdesk
1st Source (NASDAQ:SRCE) reported Q3 2024 earnings per share of $1.41, surpassing the analyst estimate of $1.34. The company's sales were $98.078 million, exceeding the expected $97.524 million and marking a 4.49% increase from the previous year.
October 24, 2024 | 8:19 pm
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1st Source's Q3 2024 earnings and sales exceeded analyst expectations, with EPS at $1.41 and sales at $98.078M, indicating strong financial performance.
The company's earnings per share and sales both exceeded analyst expectations, which is typically viewed positively by investors and can lead to a short-term increase in stock price. The 4.49% year-over-year sales growth further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100