First Western Financial Q3 2024 GAAP EPS $0.22 Misses $0.28 Estimate, Sales $22.540M Miss $24.121M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Western Financial reported Q3 2024 earnings and sales that missed analyst estimates. The company posted a GAAP EPS of $0.22, missing the $0.28 estimate, and sales of $22.54M, below the $24.121M estimate. Sales decreased by 1.42% compared to the same period last year.
October 24, 2024 | 8:27 pm
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NEGATIVE IMPACT
First Western Financial's Q3 2024 earnings and sales missed analyst expectations, with EPS at $0.22 and sales at $22.54M. This underperformance may negatively impact the stock price in the short term.
The earnings per share and sales figures both missed analyst estimates, which is typically viewed negatively by investors. The EPS miss was significant at 21.43%, and sales were 6.56% below expectations. Additionally, sales decreased compared to the same period last year, indicating potential challenges in revenue growth. These factors combined suggest a likely negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100