First Business Finl Servs Q3 2024 GAAP EPS $1.24 Beats $1.19 Estimate, Sales $38.071M Miss $38.775M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Business Financial Services reported Q3 2024 earnings per share of $1.24, surpassing the analyst estimate of $1.19. However, their sales of $38.071 million fell short of the expected $38.775 million, despite a 2.82% increase from the previous year.
October 24, 2024 | 8:35 pm
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NEUTRAL IMPACT
First Business Financial Services reported better-than-expected Q3 EPS of $1.24, but missed sales estimates with $38.071M. Sales increased by 2.82% from last year.
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