U.S. Bancorp Q4 Adj. EPS $0.99 Beats $0.98 Estimate, Sales $6.73B Miss $6.86B Estimate
Portfolio Pulse from Benzinga Newsdesk
U.S. Bancorp (NYSE:USB) reported Q4 adjusted earnings of $0.99 per share, slightly beating the consensus estimate of $0.98, but representing a 17.5% decrease from the previous year. Quarterly sales were $6.73B, missing the estimate of $6.86B, yet marking a 6.23% increase from the same period last year.
January 17, 2024 | 11:47 am
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NEUTRAL IMPACT
U.S. Bancorp's Q4 earnings surpassed estimates by a small margin, but showed a significant year-over-year decline. Sales increased compared to last year but fell short of expectations.
The slight earnings beat may provide some positive sentiment, but the year-over-year decline in earnings and the sales miss could temper any potential stock price gains. The mixed results lead to a neutral short-term impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100