How did SRCE's Q4 earnings surprise impact its annual performance?
4/5/2025 07:30pm
1st Source's (SRCE) Q4 earnings surprise had a negative impact on its annual performance, as indicated by the reported figures over the past three years.
2. The net income for SRCE in 2024 was $132.62 million, which was a significant increase from the previous year's net income of $124.93 million. However, the total revenue for 2024 was $387.12 million, which was slightly higher than the previous year's total revenue of $369.27 million.
3. The earnings surprise in Q4 2024 was -0.06, which suggests that the actual earnings per share (EPS) fell short of the market's expectations by 0.06. This negative surprise could have dampened investor confidence and potentially led to a decline in the stock price.
4. While the company's annual net income and total revenue showed improvement, the negative earnings surprise in Q4 2024 could have overshadowed the positive trends, leading to a more cautious outlook from investors and possibly affecting the stock's performance in the following year.