Bankwell Finl Gr Q3 2024 GAAP EPS $0.24 Beats $(0.08) Estimate, Sales $21.873M Miss $22.165M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bankwell Financial Group reported Q3 2024 earnings per share of $0.24, significantly beating the expected loss of $0.08. However, their sales of $21.873 million slightly missed the $22.165 million estimate and were down 6.83% from the previous year.
October 28, 2024 | 8:49 pm
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Bankwell Financial Group's Q3 2024 EPS of $0.24 beat expectations, but sales of $21.873M missed estimates and were down from last year.
The significant EPS beat suggests strong profitability, which is positive for the stock. However, the slight sales miss and year-over-year decline may temper enthusiasm. Overall, the EPS beat is likely to have a more substantial positive impact on the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100