Bank of Marin Q3 EPS $0.33 Vs $0.28 Prior Quarter, Sales $27.07M Beat $24.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank of Marin (NASDAQ:BMRC) reported Q3 earnings of $0.33 per share, up from $0.28 per share last quarter. Quarterly sales were $27.07 million, beating the analyst consensus estimate of $24.89 million by 8.75 percent. However, this represents an 18.05 percent decrease from the same period last year.
October 23, 2023 | 12:35 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Bank of Marin's Q3 earnings and sales beat estimates, which could positively impact the stock. However, the YoY decrease in sales might temper investor enthusiasm.
Bank of Marin's earnings beat and sales beat are positive signals that could drive the stock price up. However, the significant YoY decrease in sales is a negative signal that could offset these gains. Therefore, the net impact on the stock is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100