1st Source SRCE is preparing to release its quarterly earnings on Thursday, 2024-10-24. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect 1st Source to report an earnings per share (EPS) of $1.34.
Anticipation surrounds 1st Source's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Past Earnings Performance
In the previous earnings release, the company beat EPS by $0.27, leading to a 4.94% increase in the share price the following trading session.
Here's a look at 1st Source's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 1.22 | 1.14 | 1.15 | 1.10 |
| EPS Actual | 1.49 | 1.19 | 1.15 | 1.32 |
| Price Change % | 5.0% | -4.0% | 5.0% | 3.0% |
Stock Performance
Shares of 1st Source were trading at $59.89 as of October 22. Over the last 52-week period, shares are up 32.75%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all earnings releases for 1st Source visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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