SB Finl Gr Q3 2023 Adj EPS $0.40 Misses $0.41 Estimate, Sales $13.70M Beat $9.50M Estimate
Portfolio Pulse from totan@benzinga.com
SB Financial Group (NASDAQ:SBFG) reported Q3 2023 earnings of $0.40 per share, missing the analyst consensus estimate of $0.41 by 2.44%. This is a 14.89% decrease from the same period last year. However, the company reported quarterly sales of $13.70 million, beating the analyst consensus estimate of $9.50 million by 44.20%, but still a 5.35% decrease from the same period last year.
October 30, 2023 | 8:33 pm
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NEGATIVE IMPACT
SBFG's Q3 2023 earnings missed estimates but sales beat estimates. Both earnings and sales decreased compared to the same period last year.
SBFG's earnings miss and year-over-year decrease in both earnings and sales could negatively impact investor sentiment and potentially lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100