California Bancorp Q3 EPS $0.64 Beats $0.62 Estimate, Sales $19.87M Beat $19.82M Estimate
Portfolio Pulse from Happy Mohamed
California Bancorp (NASDAQ:CALB) reported Q3 earnings of $0.64 per share, beating the analyst consensus estimate of $0.62 by 3.23%. However, this is a 3.03% decrease from the same period last year. The company also reported quarterly sales of $19.87 million, beating the estimate of $19.82 million by 0.26%, a slight increase from last year.
October 26, 2023 | 9:10 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
California Bancorp's Q3 earnings and sales beat estimates, but earnings are down from last year. This mixed result could lead to uncertain market reactions.
While California Bancorp beat earnings and sales estimates, the decrease in earnings compared to the same period last year could be a concern for investors. This mixed result could lead to uncertain market reactions in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100