Bar Harbor Bankshares Q3 Adj EPS $0.73 Beats $0.67 Estimate, Sales $38.00M Beat $37.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bar Harbor Bankshares reported Q3 adjusted earnings of $0.73 per share, beating the analyst consensus estimate of $0.67 by 8.96%. The company also reported quarterly sales of $38.00 million, surpassing the analyst consensus estimate of $37.42 million by 1.55%. However, both earnings and sales show a slight decrease compared to the same period last year.
October 17, 2023 | 8:41 pm
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NEUTRAL IMPACT
Bar Harbor Bankshares reported better than expected Q3 earnings and sales, but both figures are slightly down compared to last year.
While the company beat estimates, the slight decrease in earnings and sales compared to the same period last year might temper investor enthusiasm, leading to a neutral short term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100