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
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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