Peoples Bancorp Q4 Adj. EPS $1.04 Beats $0.96 Estimate, Adj. Sales $115.13M Beat $114.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Peoples Bancorp (NASDAQ:PEBO) reported Q4 adjusted earnings of $1.04 per share, surpassing the consensus estimate of $0.96, and adjusted sales of $115.13M, also beating the estimate of $114.16M. These figures represent a 9.47% increase in earnings and a 27.17% increase in sales compared to the same period last year.
January 23, 2024 | 11:07 am
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POSITIVE IMPACT
Peoples Bancorp reported strong Q4 results with both earnings and sales exceeding analyst estimates, indicating robust financial performance.
Beating both earnings and sales estimates typically generates positive sentiment among investors and can lead to a short-term increase in stock price. The reported growth over the previous year's figures further strengthens the positive outlook for PEBO.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100