KeyCorp Q4 Total Revenue $1.54B Beat $1.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
KeyCorp (NYSE:KEY) reported Q4 earnings of $0.03 per share, missing the consensus estimate of $0.08 by 62.5%. However, total revenue of $1.54B slightly exceeded the $1.53B estimate, representing an 18.97% decrease from the same period last year.
January 18, 2024 | 11:33 am
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KeyCorp's Q4 earnings per share were significantly below expectations, although total revenue was slightly above estimates. The year-over-year decline in sales may concern investors.
The miss on earnings per share is substantial and likely to negatively impact investor sentiment in the short term, despite the slight beat on revenue. The significant year-over-year sales decline further adds to potential negative sentiment. The stock is likely to face downward pressure as earnings are a critical factor in stock performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100