Eagle Bancorp Q4 2023 GAAP EPS $0.67 Misses $0.68 Estimate, Sales $72.99M Beat $68.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eagle Bancorp (NASDAQ:EGBN) reported Q4 2023 earnings of $0.67 per share, slightly missing the consensus estimate of $0.68. However, the company's sales of $72.99M exceeded the $68.69M estimate, representing a 6.26% beat. Despite the sales beat, this figure is a 14.73% decrease from the sales reported in the same period last year.
January 24, 2024 | 9:37 pm
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NEUTRAL IMPACT
Eagle Bancorp's Q4 earnings per share fell slightly short of estimates, while sales outperformed expectations. However, there was a significant year-over-year decline in sales.
The slight miss in EPS is generally considered negative for stock performance, but the beat on sales could offset this sentiment. The year-over-year sales decline may raise concerns about growth, potentially leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100