Westamerica Bancorp Q4 EPS $1.48 Beats $1.46 Estimate, Sales $80.73M Miss $80.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
Westamerica Bancorp (NASDAQ:WABC) reported Q4 earnings of $1.48 per share, surpassing the consensus estimate of $1.46, marking a 1.37% year-over-year increase. However, their quarterly sales of $80.73M fell slightly short of the $80.86M estimate, though they were up 1.40% from the previous year.
January 18, 2024 | 3:58 pm
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NEUTRAL IMPACT
Westamerica Bancorp exceeded EPS estimates but missed on sales for Q4, indicating mixed financial performance.
The EPS beat may have a positive impact on investor sentiment, but the sales miss could temper any potential stock price increase. The close proximity of actual results to estimates suggests a neutral short-term impact, as the market may have already priced in the expectations.
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