RBB Bancorp Q3 EPS $0.63 Down From $0.87 YoY, Sales $35.30M Beat $32.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
RBB Bancorp reported Q3 earnings of $0.63 per share, a 27.59% decrease YoY. However, the company's quarterly sales of $35.30 million beat the analyst consensus estimate of $32.43 million by 8.85%, despite being a 14.97% decrease from the same period last year.
October 23, 2023 | 8:26 pm
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NEGATIVE IMPACT
RBB Bancorp's Q3 earnings have decreased by 27.59% YoY, but sales have exceeded estimates by 8.85%.
The decrease in earnings YoY indicates a potential negative impact on the company's stock. However, the fact that sales beat estimates could mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100