Cullen/Frost Bankers Q3 2024 GAAP EPS $2.24 Beats $2.16 Estimate, Sales $518.038M Miss $523.644M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cullen/Frost Bankers reported Q3 2024 earnings per share of $2.24, beating the consensus estimate of $2.16, but sales of $518.038 million missed the $523.644 million estimate. EPS decreased by 5.88% year-over-year, while sales increased by 5.42%.
October 31, 2024 | 1:10 pm
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Cullen/Frost Bankers' Q3 2024 EPS of $2.24 exceeded expectations, but sales of $518.038M fell short. EPS decreased by 5.88% YoY, while sales rose by 5.42%.
Cullen/Frost Bankers' earnings per share beat expectations, which is positive, but the sales miss could offset this. The year-over-year decrease in EPS and increase in sales provide mixed signals, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100