S&T Bancorp Q3 EPS $0.87 Misses $0.90 Estimate, Sales $99.57M Miss $101.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
S&T Bancorp reported Q3 earnings of $0.87 per share, missing the analyst consensus estimate of $0.90 by 3.33%. This is a decrease of 8.42% from the same period last year. The company also reported quarterly sales of $99.57 million, missing the analyst consensus estimate of $101.50 million by 1.90%. This is a slight increase of 1.03% over sales from the same period last year.
October 19, 2023 | 11:35 am
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S&T Bancorp's Q3 earnings and sales missed analyst estimates. This could potentially impact investor sentiment and the company's stock price.
S&T Bancorp's earnings and sales missed analyst estimates, which could lead to a negative reaction from the market. Investors often use these estimates as a benchmark, and when companies fail to meet them, it can result in a decrease in the stock price.
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