Bank of Montreal Q3 Adj EPS $2.07 Misses $2.29 Estimate, Sales $5.90B Miss $5.92B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank of Montreal (NYSE:BMO) reported Q3 earnings of $2.07 per share, missing the analyst consensus estimate of $2.29 by 9.61%. This is a 13.75% decrease from the same period last year. The company also reported quarterly sales of $5.90 billion, missing the analyst consensus estimate of $5.92 billion by 0.30%. However, this is a 24.50% increase from the same period last year.
August 29, 2023 | 9:34 am
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NEGATIVE IMPACT
Bank of Montreal's Q3 earnings and sales missed estimates, which could negatively impact its stock price in the short term.
Bank of Montreal's earnings and sales missed estimates, which is typically seen as a negative signal by investors and could lead to a decrease in the stock price. However, the company's sales did increase by 24.50% compared to the same period last year, which could potentially offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100