Ameris Q3 2023 Adj.EPS $1.16 Beats $1.12 Estimate, Sales $270.93M Miss $273.49M Estimate
Portfolio Pulse from saritha@benzinga.com
Ameris (NASDAQ:ABCB) reported Q3 2023 earnings of $1.16 per share, beating the analyst consensus estimate of $1.12 by 3.57%. However, this is a 12.12% decrease from the same period last year. The company's quarterly sales of $270.93 million missed the analyst consensus estimate of $273.49 million by 0.94%, marking a 2.65% decrease from the same period last year.
October 26, 2023 | 8:39 pm
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Ameris' Q3 2023 earnings beat estimates but sales missed, indicating mixed performance. The decrease in earnings and sales YoY may concern investors.
Ameris' earnings beat estimates, which is a positive signal. However, the company's sales missed estimates and both earnings and sales decreased compared to the same period last year, which could negatively impact investor sentiment.
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