KeyCorp Q4 2023 GAAP EPS $0.03 Misses $0.08 Estimate
Portfolio Pulse from Benzinga Newsdesk
KeyCorp (NYSE:KEY) reported Q4 2023 earnings of $0.03 per share, missing the consensus estimate of $0.08 by 62.5%.
January 18, 2024 | 11:31 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
KeyCorp's Q4 2023 earnings per share of $0.03 significantly missed the estimated $0.08, potentially affecting investor sentiment and stock price.
Earnings misses typically lead to negative investor sentiment and can cause a decrease in stock price in the short term. Given the magnitude of the miss (62.5%), it is likely that KeyCorp's stock will face downward pressure.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100