MetroCity Bankshares Q4 EPS $0.44 Misses $0.48 Estimate
Portfolio Pulse from Benzinga Newsdesk
MetroCity Bankshares (NASDAQ:MCBS) reported Q4 earnings of $0.44 per share, missing the consensus estimate of $0.48 by 8.33%. This represents a 15.38% decrease from the $0.52 per share earned in the same quarter last year.
January 23, 2024 | 2:16 pm
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MetroCity Bankshares reported lower-than-expected Q4 earnings at $0.44 per share, missing estimates by 8.33% and showing a 15.38% YOY decline.
Earnings misses typically lead to negative investor sentiment in the short term, as they may indicate weaker financial performance than expected. The 15.38% YOY decrease further emphasizes the company's declining earnings, likely leading to a negative impact on the stock price.
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