Prosperity Bancshares Q4 Adj. EPS $1.19 Beats $1.17 Estimate, Sales $273.55M Miss $280.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Prosperity Bancshares (NYSE:PB) reported Q4 adjusted EPS of $1.19, surpassing the $1.17 estimate, but experienced a 21.19% decrease from last year's $1.51 per share. Sales were $273.55M, falling short of the $280.02M estimate and marking a 6.91% decline from the previous year.
January 24, 2024 | 11:36 am
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NEUTRAL IMPACT
Prosperity Bancshares reported a mixed Q4 with an EPS beat but a miss on sales estimates, alongside a year-over-year decline in both earnings and sales.
The EPS beat may provide some positive sentiment, but the sales miss and year-over-year declines in both earnings and sales could temper any potential stock gains. The mixed results lead to a neutral short-term impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100