CORRECTION: Bank of Hawaii Q4 Adj. EPS $1.01 Beats $1.00 Estimate, Sales $158.07M Miss $161.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank of Hawaii (NYSE:BOH) reported Q4 adjusted earnings per share (EPS) of $1.01, slightly beating the consensus estimate of $1.00. However, the company's quarterly sales of $158.07M fell short of the expected $161.51M. Compared to the same quarter last year, EPS decreased by 32.67%, and sales dropped by 13.11%.

January 22, 2024 | 12:21 pm
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NEUTRAL IMPACT
Bank of Hawaii's Q4 earnings surpassed estimates by a small margin, but sales underperformed expectations and showed a significant decline from the previous year.
While the EPS beat might be seen as a positive, the miss on sales and the significant year-over-year declines in both EPS and sales could dampen investor sentiment. The mixed results present a neutral outlook in the short term as the market digests both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100