S&T Bancorp's Earnings Outlook
Portfolio Pulse from Benzinga Insights
S&T Bancorp (NASDAQ:STBA) is expected to release its quarterly earnings report on January 25, 2024, with analysts predicting an EPS of $0.86. Investors are looking for an earnings beat and positive guidance for future growth. Historically, S&T Bancorp's stock price has been sensitive to earnings performance and guidance. Last quarter, the company missed EPS estimates by $0.03, resulting in a 0.73% share price drop the following day. Over the last year, STBA shares have increased by 0.63%, with the stock currently trading at $33.97.
January 24, 2024 | 8:02 pm
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S&T Bancorp is anticipated to release its earnings report soon, with an expected EPS of $0.86. The company's past earnings performance has influenced its stock price, and investors are optimistic due to the slight year-over-year share growth.
The expected EPS is a key indicator of the company's performance, and the historical data shows that the stock price has been reactive to earnings releases and guidance. The slight uptick in the stock price over the past year suggests a positive sentiment among long-term investors, but the recent history of stock price drops following earnings misses introduces uncertainty. Therefore, the short-term impact is neutral until the actual earnings results and guidance are revealed.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100