First Interstate BancSys Q3 EPS $0.54 Misses $0.58 Estimate, Sales $251.90M Beat $250.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Interstate BancSys reported Q3 earnings per share of $0.54, missing the $0.58 estimate, and a 22.86% decrease from last year. However, sales of $251.90M beat the $250.67M estimate, though they were down 1.49% from last year.
October 24, 2024 | 8:19 pm
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NEGATIVE IMPACT
First Interstate BancSys reported Q3 EPS of $0.54, missing estimates and showing a significant YoY decline. Sales slightly beat expectations but also declined YoY.
The earnings miss and significant YoY decline in EPS are likely to negatively impact FIBK's stock price in the short term, despite the slight beat in sales estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100