Ameris Q3 2024 Adj. EPS $1.38 Beats $1.25 Estimate, Sales $283.769M Miss $286.858M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ameris (NYSE:ABCB) reported Q3 2024 earnings per share of $1.38, surpassing the analyst estimate of $1.25, marking a 18.97% increase from last year. However, sales of $283.769M fell short of the $286.858M estimate, though they increased by 4.74% from the previous year.
October 24, 2024 | 8:23 pm
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Ameris reported better-than-expected Q3 2024 EPS of $1.38, beating estimates by 10.4%, and showing significant growth from last year. However, sales slightly missed expectations, though they still showed year-over-year growth.
The positive earnings surprise with a significant beat on EPS is likely to have a positive impact on the stock price in the short term. Although sales missed estimates, the year-over-year growth in both earnings and sales suggests overall positive performance, which investors may view favorably.
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