Seacoast Banking Q3 Adj EPS $0.46 Beats $0.40 Estimate, Sales $137.10M Miss $138.91M Estimate
Portfolio Pulse from saritha@benzinga.com
Seacoast Banking (NASDAQ:SBCF) reported Q3 earnings of $0.46 per share, beating the analyst consensus estimate of $0.40 by 15%. However, this is a 13.21% decrease from the same period last year. The company's quarterly sales of $137.10 million missed the analyst consensus estimate of $138.91 million by 1.30%, but it's a 31.34% increase from the same period last year.
October 26, 2023 | 8:15 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Seacoast Banking's Q3 earnings beat estimates but sales missed. Earnings are down 13.21% YoY but sales are up 31.34% YoY.
Seacoast Banking's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates and earnings decreased from the same period last year, which could negatively impact the stock. The increase in sales YoY could be seen as a positive sign, balancing out the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100