Sterling Bancorp Q4 EPS $0.10 Beats $0.03 Estimate, Sales $15.32M Miss $16.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sterling Bancorp (NASDAQ:SBT) reported Q4 earnings per share (EPS) of $0.10, surpassing the consensus estimate of $0.03 by 233.33%. However, their quarterly sales of $15.32M fell short of the expected $16.37M, a 6.43% miss and an 18.39% decrease from the same period last year.
January 24, 2024 | 12:58 pm
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Sterling Bancorp's Q4 EPS outperformed expectations, but sales underperformed both estimates and year-over-year figures.
While the EPS beat is positive, the sales miss and year-over-year decline may concern investors about growth prospects. The mixed results could lead to neutral short-term price movement as the market digests both the positive and negative aspects of the report.
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