Seacoast Banking Q3 2024 Adj. EPS $0.36, Inline, Sales $130.344M Beat $129.203M Estimate
Portfolio Pulse from Benzinga Newsdesk
Seacoast Banking reported Q3 2024 earnings per share of $0.36, meeting analyst expectations. The company's sales were $130.344 million, surpassing the estimate of $129.203 million, despite a 4.93% decrease from the previous year.
October 24, 2024 | 8:55 pm
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Seacoast Banking's Q3 2024 earnings per share met expectations at $0.36, while sales exceeded estimates at $130.344 million, despite a year-over-year decline.
The earnings per share meeting expectations suggests stability, while the sales beat indicates better-than-expected revenue performance. However, the year-over-year sales decline tempers the positive impact, resulting in a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100