Bar Harbor Bankshares Q4 EPS $0.68 Beats $0.67 Estimate, Sales $37.64M Beat $37.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bar Harbor Bankshares (AMEX:BHB) reported Q4 earnings of $0.68 per share, surpassing the consensus estimate of $0.67. Sales reached $37.64M, also beating the estimate of $37.46M. However, both earnings and sales saw a decrease compared to the same period last year, with earnings down 18.07% and sales down 8.59%.
January 23, 2024 | 9:22 pm
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Bar Harbor Bankshares reported higher-than-expected Q4 earnings and sales, but with a notable decrease from the previous year's figures.
While BHB beat the estimates for both earnings and sales, the year-over-year decline in these figures may temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The beat on estimates could be seen as a positive sign, but the decrease compared to the previous year's performance might raise concerns about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100