Finward Bancorp Q3 2024 GAAP EPS $0.14 Misses $0.15 Estimate, Sales $14.87M Miss $15.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Finward Bancorp reported Q3 2024 earnings per share of $0.14, missing the consensus estimate of $0.15. The company's sales were $14.87 million, also below the expected $15.80 million, marking a 4.23% decrease from the previous year.
October 29, 2024 | 9:49 pm
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NEGATIVE IMPACT
Finward Bancorp's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.14 and sales at $14.87 million. This underperformance may negatively impact the stock price in the short term.
The earnings per share and sales figures both missed analyst expectations, which typically leads to a negative reaction in the stock market. The miss in both metrics suggests potential challenges in the company's financial performance, likely causing a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100