Piper Sandler Q3 2024 Adj. EPS $2.57 Misses $2.68 Estimate, Sales $359.572M Miss $368.386M Estimate
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler's Q3 2024 earnings and sales missed analyst estimates, with EPS at $2.57 versus the expected $2.68, and sales at $359.572M versus the expected $368.386M. Despite the miss, both EPS and sales showed significant year-over-year growth.
October 25, 2024 | 12:04 pm
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Piper Sandler's Q3 2024 earnings per share of $2.57 missed the analyst estimate of $2.68, and sales of $359.572M missed the $368.386M estimate. Despite the miss, both EPS and sales increased significantly year-over-year.
The earnings and sales figures both missed analyst expectations, which is typically a negative indicator for short-term stock price movement. However, the significant year-over-year growth in both metrics may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100