Third Coast Bancshares Q3 EPS $0.32 Misses $0.49 Estimate, Sales $37.13M Miss $37.15M Estimate
Portfolio Pulse from vinayak@benzinga.com
Third Coast Bancshares (NASDAQ:TCBX) reported Q3 earnings of $0.32 per share, missing the analyst consensus estimate of $0.49 by 34.69%. The company also reported quarterly sales of $37.13 million, missing the estimate of $37.15 million by 0.04%. This represents a 34.69% decrease in earnings and a 9.56% increase in sales compared to the same period last year.
October 25, 2023 | 9:34 pm
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Third Coast Bancshares' Q3 earnings and sales missed estimates, which could negatively impact its stock price in the short term.
Third Coast Bancshares reported lower than expected earnings and sales for Q3. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100