Banner Q4 Adj $1.34 Beats $1.30 Estimate, Sales $152.46M Beat $140.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
Banner Corporation (NASDAQ:BANR) reported Q4 adjusted earnings of $1.34 per share, surpassing the consensus estimate of $1.30 by 3.08%. However, this represents a 20.24% decrease from the $1.68 per share earned in the same quarter last year. Quarterly sales were $152.46M, exceeding estimates by 8.55% but showing an 11.43% decline from the previous year's $172.14M.
January 18, 2024 | 9:02 pm
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Banner Corporation reported higher-than-expected Q4 earnings and sales, but both metrics showed a decline from the previous year.
While Banner Corporation exceeded analyst expectations for both earnings and sales, the year-over-year decline in these figures may temper investor enthusiasm. The positive earnings surprise could provide some short-term positive sentiment, but the decrease compared to last year's performance might raise concerns about growth, leading to a neutral short-term impact.
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IMPORTANCE 75
RELEVANCE 100