Burke & Herbert Financial Q3 Adj $1.98 Beats $1.75 Estimate, Sales $83.80M Miss $85.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Burke & Herbert Financial reported Q3 earnings of $1.98 per share, surpassing the $1.75 estimate, marking a 260% increase from last year. However, sales of $83.80M missed the $85.95M estimate, despite a 208.32% increase from the previous year.
October 25, 2024 | 12:41 pm
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Burke & Herbert Financial's Q3 earnings exceeded expectations, but sales fell short. The earnings per share of $1.98 beat the $1.75 estimate, while sales of $83.80M missed the $85.95M estimate.
The significant beat on earnings per share suggests strong profitability, which is positive for the stock. However, the miss on sales could temper enthusiasm. Overall, the strong earnings growth is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100