Colony Bankcorp Q4 Adj EPS $0.31 Misses $0.32 Estimate, Sales $28.18M Miss $28.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Colony Bankcorp (NASDAQ:CBAN) reported Q4 adjusted EPS of $0.31, missing the consensus estimate of $0.32 by 3.13%. Sales were $28.18M, falling short of the $28.40M estimate by 0.77%, and representing a 3.12% decrease from the same period last year.
January 24, 2024 | 9:33 pm
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NEGATIVE IMPACT
Colony Bankcorp's Q4 earnings and sales missed analyst estimates, with EPS at $0.31 versus the expected $0.32 and sales at $28.18M against the forecasted $28.40M.
Missing both earnings and sales estimates can negatively impact investor sentiment and the stock price in the short term. As the miss on both fronts is relatively small, the impact may be moderate but still likely to push the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100