NBT Bancorp Q3 Adj EPS $0.84 Beats $0.70 Estimate, Sales $135.13M Beat $130.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
NBT Bancorp reported Q3 earnings of $0.84 per share, beating the analyst consensus estimate of $0.70 by 20%. However, this is a 6.67% decrease from the same period last year. The company also reported quarterly sales of $135.13 million, beating the estimate of $130.22 million by 3.77%, and marking a 2.64% increase from last year.
October 24, 2023 | 8:28 pm
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NEUTRAL IMPACT
NBT Bancorp's Q3 earnings and sales beat estimates, but earnings are down from last year. This mixed result could lead to uncertain market reactions.
NBT Bancorp's earnings beat estimates, which is generally positive for the stock. However, the decrease in earnings compared to the same period last year could be a concern for investors, leading to potential uncertainty in the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100