Bank of Montreal Q4 EPS $2.095 Misses $2.10 Estimate, Sales $6.23B Beat $6.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank of Montreal (NYSE:BMO) reported Q4 earnings of $2.095 per share, slightly missing the consensus estimate of $2.10. Despite the earnings miss, the company's quarterly sales of $6.23 billion exceeded the expected $6.04 billion. However, both earnings and sales figures represent a decrease from the same period last year, with earnings down 8.52% and sales down 21.58%.
December 01, 2023 | 11:04 am
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NEGATIVE IMPACT
Bank of Montreal's Q4 earnings miss and year-over-year decline in earnings and sales may concern investors, despite a slight beat in quarterly sales estimates.
The earnings miss, even though marginal, combined with the significant year-over-year decline in both earnings and sales, is likely to negatively impact investor sentiment in the short term. However, the beat in sales estimates may provide some cushion to the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100