Community Trust Bancorp Q4 2023 GAAP EPS $1.04 Misses $1.08 Estimate
Portfolio Pulse from Benzinga Newsdesk
Community Trust Bancorp (NASDAQ:CTBI) reported Q4 2023 earnings of $1.04 per share, missing the analyst consensus estimate of $1.08 by 3.7%.
January 17, 2024 | 1:18 pm
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NEGATIVE IMPACT
Community Trust Bancorp's Q4 2023 earnings per share of $1.04 did not meet the expected $1.08, missing estimates by 3.7%.
Earnings misses can lead to negative investor sentiment and potential short-term stock price decline as it may indicate weaker financial performance than expected. The miss was by a relatively small margin of 3.7%, which may mitigate the impact somewhat.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100