Metropolitan Bank Holding Q4 2023 GAAP EPS $1.28 Misses $1.49 Estimate, Sales $63.55M Beat $61.68M Estimate
Portfolio Pulse from Benzinga Newsdesk
Metropolitan Bank Holding Corp. reported Q4 2023 earnings of $1.28 per share, missing the consensus estimate of $1.49 by 14.09%. However, their quarterly sales of $63.55M exceeded the estimate of $61.68M by 3.03%, despite being a 9.53% decrease from the same period last year.
January 18, 2024 | 9:13 pm
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NEUTRAL IMPACT
Metropolitan Bank Holding Corp. missed Q4 EPS estimates but beat revenue forecasts, with a year-over-year decline in sales.
The EPS miss is likely to negatively impact investor sentiment in the short term, but the sales beat may offset some of the negative impact. The year-over-year sales decline indicates a potential concern for growth, which could also weigh on the stock. However, the mixed results create uncertainty, leading to a neutral score.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100