Hanover Bancorp Q1 EPS $0.54
Portfolio Pulse from Benzinga Newsdesk
Hanover Bancorp (NASDAQ:HNVR) reported a 21.74% decrease in quarterly earnings, with an EPS of $0.54 compared to $0.69 from the same period last year.
January 24, 2024 | 9:29 pm
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NEGATIVE IMPACT
Hanover Bancorp reported a significant decrease in quarterly earnings, with EPS dropping from $0.69 to $0.54 year-over-year.
Earnings reports are critical for investor sentiment, and a decrease of over 20% in EPS is likely to be viewed negatively by the market, potentially leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100