VersaBank Q3 EPS $0.28 Misses $0.31 Estimate, Sales $19.99M Miss $21.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
VersaBank (NASDAQ:VBNK) reported Q3 earnings of $0.28 per share, missing the analyst consensus estimate of $0.31 by 9.68%. The company also reported quarterly sales of $19.99 million, missing the analyst consensus estimate of $21.53 million by 7.13%. However, both earnings and sales have increased compared to the same period last year.
August 30, 2023 | 11:04 am
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NEGATIVE IMPACT
VersaBank's Q3 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, the YoY growth in both earnings and sales might mitigate this impact.
VersaBank's Q3 earnings and sales fell short of analyst estimates, which could lead to a negative sentiment among investors and a potential drop in the stock price. However, the YoY growth in both earnings and sales might be seen as a positive sign, potentially mitigating the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100