Earnings Preview: Origin Bancorp
Portfolio Pulse from Benzinga Insights
Origin Bancorp (NYSE:OBK) is expected to release its quarterly earnings report on January 24, 2024, with an estimated EPS of $0.62. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has reacted to past earnings performances and guidance. Last quarter, OBK beat the EPS estimate by $0.07, leading to a 6.31% stock price increase the following day. However, over the last year, shares have declined by 13.94%, indicating a bearish sentiment among long-term shareholders.
January 23, 2024 | 5:01 pm
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Origin Bancorp is anticipated to report quarterly earnings with investors focusing on an earnings beat and positive future guidance. The stock has historically reacted to earnings results and guidance, with a 6.31% rise after last quarter's beat but has seen a 13.94% decline over the past year.
The short-term impact on OBK's stock price will likely depend on whether the company beats the earnings estimate and provides positive guidance. The historical data shows that the stock price can react positively to an earnings beat, as seen with the 6.31% increase after last quarter's results. However, the overall bearish trend over the past year suggests that investor sentiment is cautious, and any deviation from expected results or guidance could lead to significant price movements. The score is neutral (0) due to the uncertainty of the earnings outcome and its subsequent impact.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100