Amerant Bancorp's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Amerant Bancorp (NYSE:AMTB) is expected to release its quarterly earnings report on January 24, 2024, with an estimated EPS of $0.44. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Amerant Bancorp's stock price has reacted negatively to past earnings reports, even when EPS estimates were beaten. Over the last year, the stock has declined by 11.63%, indicating a bearish sentiment among long-term shareholders.
January 23, 2024 | 7:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Amerant Bancorp is set to report earnings with an anticipated EPS of $0.44. Despite past earnings beats, the stock has previously dropped, and long-term trends show an 11.63% decline over the past year.
Given the historical negative reaction to earnings reports, even when beating estimates, and the overall 11.63% decline in the past year, it is likely that AMTB's stock price may experience short-term pressure post-earnings announcement. However, positive guidance could mitigate this impact.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100