MidWestOne Financial Gr Q3 Adj $0.58 Beats $0.57 Estimate, Sales $34.58M Miss $37.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
MidWestOne Financial Gr (NASDAQ:MOFG) reported Q3 earnings of $0.58 per share, beating the analyst consensus estimate of $0.57 by 1.75%. However, this is a 50.43% decrease from the same period last year. The company's quarterly sales of $34.58 million missed the analyst consensus estimate of $37.39 million by 7.53%, marking a 24.40% decrease from the same period last year.

October 26, 2023 | 8:44 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
MidWestOne Financial's Q3 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
MidWestOne Financial's Q3 earnings beat the estimates, which is a positive sign. However, the YoY decrease in earnings and sales, as well as the missed sales estimates, are negative indicators. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100