CNB Financial Q3 EPS $0.60 Beats $0.55 Estimate, Sales $47.24M Beat $45.35M Estimate
Portfolio Pulse from Happy Mohamed
CNB Financial (NASDAQ:CCNE) reported Q3 earnings of $0.60 per share, beating the analyst consensus estimate of $0.55 by 9.09%. However, this is a 33.33% decrease from the same period last year. The company also reported quarterly sales of $47.24 million, beating the estimate of $45.35 million by 4.16%, but this is a 5.35% decrease from last year.
October 23, 2023 | 8:15 pm
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NEUTRAL IMPACT
CNB Financial's Q3 earnings and sales beat estimates but are lower than the same period last year. This mixed result could lead to uncertain market reactions.
While CNB Financial beat estimates for Q3, the decrease in earnings and sales compared to the same period last year could be a concern for investors. This could lead to mixed market reactions, making the short-term impact on the stock price uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100