Origin Bancorp Q4 Adj EPS $0.60 Misses $0.62 Estimate, Sales $81.89M Miss $88.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
Origin Bancorp (NYSE:OBK) reported Q4 adjusted earnings of $0.60 per share, missing the consensus estimate of $0.62 by 3.23%. Year-over-year, this represents a 39.39% decrease from $0.99 per share. Quarterly sales were $81.89M, falling short of the $88.77M estimate by 7.74% and marking a 16.59% decrease from $98.18M in the same period last year.
January 24, 2024 | 9:19 pm
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Origin Bancorp's Q4 earnings and sales missed analyst estimates, with significant decreases compared to the same period last year.
Missing both earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. The significant year-over-year decline in earnings and sales further exacerbates the negative outlook, suggesting potential underlying issues that may concern investors.
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