QCR Hldgs: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
QCR Holdings (NASDAQ:QCRH) reported Q4 earnings with an EPS of $1.97, surpassing estimates by 45.93% against the expected $1.35. However, revenue declined by $9.48 million compared to the same period last year. In the previous quarter, a beat on EPS estimates resulted in a 2.37% share price increase the following day. The company has a history of surpassing EPS estimates over the past four quarters.
January 23, 2024 | 9:10 pm
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POSITIVE IMPACT
QCR Holdings reported a significant earnings beat for Q4, with EPS at $1.97 against estimates of $1.35, but experienced a revenue decline from the previous year.
The substantial earnings beat is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price, similar to the 2.37% rise after last quarter's earnings beat. However, the decline in revenue could temper some of the investor enthusiasm, which is why the confidence score isn't higher.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100