Old Second Bancorp: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Old Second Bancorp (NASDAQ:OSBC) reported Q4 earnings with an EPS of $0.42, missing estimates by 22.22% against the expected $0.54. Revenue decreased by $3.07 million compared to the same period last year. In the previous quarter, OSBC beat EPS estimates which led to a 2.22% share price increase the following day. Historical earnings and revenue figures were also provided for comparison.
January 24, 2024 | 9:05 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Old Second Bancorp reported lower-than-expected Q4 earnings with an EPS of $0.42, missing the estimate by 22.22%, and a year-over-year revenue decline of $3.07 million.
The earnings miss is significant (22.22%) and is likely to negatively impact investor sentiment in the short term, especially considering the historical positive reaction to earnings beats. The year-over-year revenue decline further compounds the negative outlook for the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100