Enterprise Bancorp Q3 EPS $0.79 Down From $0.98 YoY
Portfolio Pulse from Happy Mohamed
Enterprise Bancorp (NASDAQ:EBTC) reported a decrease in Q3 earnings per share (EPS) to $0.79, down 19.39% from $0.98 YoY.
October 24, 2023 | 8:42 pm
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NEGATIVE IMPACT
Enterprise Bancorp's Q3 earnings per share decreased by 19.39% YoY, which could negatively impact investor sentiment.
Earnings reports are a key indicator of a company's financial health. A decrease in EPS is generally viewed negatively by investors as it indicates reduced profitability. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100