Prosperity Bancshares Q3 GAAP EPS $1.20 Vs $1.49 Prior Year, Sales $278.27M Miss $279.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Prosperity Bancshares reported Q3 earnings of $1.20 per share, a 19.46% decrease from last year. The company's quarterly sales were $278.27 million, missing the analyst consensus estimate of $279.90 million by 0.58%.
October 25, 2023 | 10:35 am
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NEGATIVE IMPACT
Prosperity Bancshares' Q3 earnings and sales missed estimates, indicating a potential negative impact on the stock.
Prosperity Bancshares reported lower than expected earnings and sales for Q3. This underperformance could negatively impact investor sentiment and lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100