First Foundation Q3 2024 Adj. EPS $0.04 Beats $(0.54) Estimate, Sales $61.019M Beat $60.675M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Foundation (NYSE:FFWM) reported Q3 2024 earnings of $0.04 per share, beating the estimate of $(0.54). Sales were $61.019M, slightly above the $60.675M estimate. Despite beating estimates, both earnings and sales decreased compared to the previous year.
October 29, 2024 | 11:21 am
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POSITIVE IMPACT
First Foundation's Q3 2024 earnings and sales beat analyst estimates, but both metrics declined compared to the previous year.
The positive earnings surprise, with EPS beating estimates by a significant margin, is likely to have a positive short-term impact on FFWM's stock price. However, the year-over-year decline in both earnings and sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100