QCR Hldgs Q4 2023 Adj EPS $1.97 Beats $1.35 Estimate, Sales $55.74M Miss $58.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
QCR Holdings reported Q4 2023 adjusted earnings per share (EPS) of $1.97, surpassing the estimated $1.35. However, their sales of $55.74M fell short of the expected $58.53M.
January 23, 2024 | 9:11 pm
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QCR Holdings' Q4 adjusted EPS outperformed estimates, but sales did not meet expectations.
The positive impact of beating EPS estimates may be offset by the negative impact of missing sales forecasts. Investors typically value earnings surprises positively, but the sales miss could raise concerns about revenue growth and market expectations. The net effect on the stock price could be neutral in the short term as the market digests both aspects of the earnings report.
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IMPORTANCE 75
RELEVANCE 100