Bank of N.T Butterfield Q2 Adj EPS $1.14 Misses $1.16 Estimate, Sales $145.10M Miss $146.02M Estimate
Portfolio Pulse from totan@benzinga.com
Bank of N.T Butterfield (NYSE:NTB) reported Q2 earnings of $1.14 per share, missing the analyst consensus estimate of $1.16 by 1.72%. The company also reported quarterly sales of $145.10 million, missing the estimate of $146.02 million by 0.63%. Despite the misses, both earnings and sales increased compared to the same period last year.
July 31, 2023 | 8:55 pm
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NEGATIVE IMPACT
Bank of N.T Butterfield's Q2 earnings and sales missed estimates, which could negatively impact the stock in the short term. However, the YoY growth in both metrics may mitigate this impact.
The company's failure to meet analyst estimates for both earnings and sales could lead to a negative sentiment among investors, potentially driving the stock price down in the short term. However, the YoY growth in both earnings and sales may be seen as a positive sign, potentially offsetting some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100