Eastern Bankshares Q3 2024 Adj. EPS $0.25 Misses $0.33 Estimate, Sales $203.383M Beat $182.279M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eastern Bankshares reported Q3 2024 earnings per share of $0.25, missing the expected $0.33, but sales of $203.383 million exceeded the $182.279 million estimate, marking a 30.07% increase from the previous year.
October 24, 2024 | 8:20 pm
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NEUTRAL IMPACT
Eastern Bankshares' Q3 2024 EPS missed estimates, but sales exceeded expectations, showing strong revenue growth year-over-year.
The mixed results, with EPS missing but sales beating estimates, suggest a neutral short-term impact on EBC's stock. The strong revenue growth is positive, but the EPS miss could offset this, leading to a balanced market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100