Nicolet Bankshares Q4 EPS $1.85 Misses $1.90 Estimate, Sales $64.28M Beat $60.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nicolet Bankshares (NYSE:NIC) reported Q4 earnings of $1.85 per share, missing the consensus estimate of $1.90 by 2.63%. Year-over-year, earnings increased by 1.09% from $1.83 per share. Quarterly sales were $64.28M, surpassing the estimate of $60.98M by 5.41%, but marked a 5.60% decrease from $68.09M in the same period last year.
January 16, 2024 | 9:18 pm
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NEUTRAL IMPACT
Nicolet Bankshares reported a slight miss in Q4 EPS at $1.85 vs. the $1.90 estimate but exceeded sales forecasts with $64.28M against the $60.98M estimate.
The slight miss in earnings per share (EPS) may disappoint investors, but the beat on revenue could counterbalance the negative impact. Since the earnings miss was marginal and the sales beat estimates by a more significant margin, the short-term impact on the stock price is likely to be neutral. The year-over-year increase in earnings and the decrease in sales add complexity to the outlook, but given the mixed results, significant stock movement is not highly probable in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100