CORRECTION: Nicolet Bankshares Q3 EPS $1.54 Misses $1.55 Estimate, Sales $61.47M Beat $60.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nicolet Bankshares (NYSE:NIC) reported Q3 earnings of $1.54 per share, missing the analyst consensus estimate of $1.55 by 0.65 percent. However, this is a 19.38 percent increase over earnings of $1.29 per share from the same period last year. The company reported quarterly sales of $61.47 million, beating the analyst consensus estimate of $60.41 million by 1.76 percent, but this is a 2.41 percent decrease over sales of $62.99 million the same period last year.
October 24, 2023 | 10:56 pm
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Nicolet Bankshares reported a slight miss on Q3 earnings but beat sales estimates. Earnings are up YoY but sales are down.
Nicolet Bankshares' Q3 earnings slightly missed analyst estimates, which could negatively impact the stock. However, the company beat sales estimates and showed a YoY increase in earnings, which could offset the negative impact. The decrease in sales YoY might be a concern for investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100