Associated Banc Q3 2024 GAAP EPS $0.56 Beats $0.50 Estimate, Sales $330.000M Miss $332.956M Estimate
Portfolio Pulse from Benzinga Newsdesk
Associated Banc reported Q3 2024 earnings per share of $0.56, surpassing the analyst estimate of $0.50. However, its sales of $330 million fell short of the $332.956 million estimate, despite a 2.86% increase from the previous year.
October 24, 2024 | 8:25 pm
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NEUTRAL IMPACT
Associated Banc's Q3 2024 EPS of $0.56 beat expectations, but sales of $330M missed estimates. Sales increased by 2.86% YoY.
The positive EPS surprise is offset by the sales miss, leading to a neutral short-term impact. The EPS beat indicates operational efficiency, but the sales miss suggests potential challenges in revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100