NBT Bancorp Q4 2023 Adj EPS $0.72 Misses $0.75 Estimate
Portfolio Pulse from Benzinga Newsdesk
NBT Bancorp reported an adjusted EPS of $0.72 for Q4 2023, which fell short of the estimated $0.75.
January 23, 2024 | 9:16 pm
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NEGATIVE IMPACT
NBT Bancorp's Q4 2023 adjusted EPS of $0.72 was below the analysts' expectations of $0.75, indicating a potential negative impact on investor sentiment.
Earnings misses can negatively affect stock prices as they may lead to a decrease in investor confidence and potential adjustments in future earnings forecasts. Given that the miss was relatively small, the impact might be moderate, but it is still likely to be negative in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100