Northwest Bancshares Q4 EPS $0.23 Misses $0.24 Estimate, Sales $106.30M Beat $106.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Northwest Bancshares (NASDAQ:NWBI) reported Q4 earnings of $0.23 per share, missing the consensus estimate of $0.24 by 4.17%. Year-over-year, earnings decreased by 14.81% from $0.27 per share. Quarterly sales were $106.30M, slightly beating estimates by 0.13% but showing a 9.18% decrease from the previous year's $117.04M.
January 22, 2024 | 2:08 pm
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NEGATIVE IMPACT
Northwest Bancshares missed Q4 EPS estimates by 4.17% and reported a 14.81% decrease from last year, although sales marginally beat estimates but were down 9.18% YoY.
Missing the EPS estimate and reporting a significant decrease in earnings YoY is likely to negatively impact investor sentiment in the short term. The slight beat on revenue does not offset the negative earnings news, hence the negative score. The relevance is 100 as the news is directly about NWBI. The importance is set at 75, considering earnings reports are critical for investors, but it's not an extreme miss. Confidence is at 90, reflecting the straightforward nature of earnings impact on stock price, though market conditions can always introduce variability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100