Stellar Bancorp Q3 2023 EPS $0.58 Beats $0.57 Estimate, Sales $111.42M Beat $109.35M Estimate
Portfolio Pulse from totan@benzinga.com
Stellar Bancorp (NYSE:STEL) reported Q3 2023 earnings of $0.58 per share, beating the analyst consensus estimate of $0.57 by 1.75%. This is an 11.54% increase from the same period last year. The company also reported quarterly sales of $111.42 million, beating the analyst consensus estimate of $109.35 million by 1.89%. This is a 139.81% increase from the same period last year.
October 27, 2023 | 11:00 am
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Stellar Bancorp's Q3 2023 earnings and sales exceeded analyst estimates, with significant year-over-year increases in both earnings and sales.
Stellar Bancorp's earnings and sales for Q3 2023 exceeded analyst estimates, which is generally a positive signal for the company's stock. The significant year-over-year increases in both earnings and sales suggest that the company's financial performance is improving, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100