Guaranty Bancshares Q4 EPS $0.51 Beats $0.47 Estimate, Sales $28.61M Beat $27.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
Guaranty Bancshares (NASDAQ:GNTY) exceeded analyst expectations for Q4 with an EPS of $0.51, surpassing the estimate of $0.47 by 8.51%. However, this represents a 23.88% decrease from the previous year's EPS of $0.67. Sales for the quarter were $28.61M, also beating estimates by 3.49% but showing a 14.55% decline from the prior year's $33.48M.
January 16, 2024 | 12:01 pm
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Guaranty Bancshares reported a Q4 EPS of $0.51, beating estimates by 8.51%, and sales of $28.61M, exceeding expectations by 3.49%, despite year-over-year declines in both metrics.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price, as it reflects better-than-expected financial performance. However, the year-over-year declines in earnings and sales may temper investor enthusiasm, suggesting a cautious optimism for the stock's short-term trajectory.
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