Sterling Bancorp Q3 EPS $0.01 Misses $0.04 Estimate, Sales $16.38M Miss $17.27M Estimate
Portfolio Pulse from mahesh@benzinga.com
Sterling Bancorp (NASDAQ:SBT) reported Q3 earnings of $0.01 per share, missing the analyst consensus estimate of $0.04 by 75%. This is a 50% decrease from the same period last year. The company also reported quarterly sales of $16.38 million, missing the analyst consensus estimate of $17.27 million by 5.17%. This is a 14.62% decrease from the same period last year.
October 25, 2023 | 11:59 am
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NEGATIVE IMPACT
Sterling Bancorp's Q3 earnings and sales missed estimates, with a significant decrease from the same period last year. This could negatively impact the company's stock price in the short term.
Sterling Bancorp's earnings and sales for Q3 have significantly missed estimates, and are down from the same period last year. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100