Earnings Outlook For Bank of Marin
Portfolio Pulse from Benzinga Insights
Bank of Marin (NASDAQ:BMRC) is set to release its quarterly earnings report on 2023-07-24, with analysts estimating an EPS of $0.43. The company's past performance shows a trend of share price drops following earnings misses. The stock is currently trading at $20.11, down 39.84% over the last 52-week period.
July 21, 2023 | 4:02 pm
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NEGATIVE IMPACT
Bank of Marin's upcoming earnings report could impact its stock price, especially if it misses estimates as it has in the past. The stock has been on a downward trend, losing nearly 40% over the past year.
Bank of Marin's stock price has shown a tendency to drop following earnings misses, as seen in the last quarter when it missed EPS by $0.07 and the stock price dropped by 7.64% the next day. Given the stock's negative performance over the past year, investors are likely to react strongly to any negative news in the upcoming earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100