Veritex Holdings: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Veritex Holdings (NASDAQ:VBTX) reported Q4 earnings with an EPS of $0.58, missing estimates by 6.45% against the expected $0.62. Revenue also declined from the previous year by $42.68 million. Despite missing EPS estimates last quarter, the stock increased by 0.24% the following day. Historical earnings performance shows a pattern of mixed results compared to estimates over the past four quarters.
January 23, 2024 | 9:45 pm
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Veritex Holdings reported lower-than-expected Q4 earnings and a decrease in year-over-year revenue, which may concern investors.
Missing earnings estimates and reporting lower revenue are typically seen as negative indicators for a company's financial health and can lead to a decrease in stock price. However, the stock's reaction to last quarter's earnings miss was minimal, suggesting that while the impact may be negative, it might not be severe.
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