Recap: ESSA Bancorp Q1 Earnings
Portfolio Pulse from Benzinga Insights
ESSA Bancorp (NASDAQ:ESSA) reported Q1 earnings with an EPS of $0.45, missing estimates by 2.17% compared to the expected $0.46. Revenue decreased by $750 thousand from the same period last year. In the previous quarter, ESSA Bancorp exceeded EPS estimates which led to an 8.65% share price increase the following day. The company's past earnings performance shows fluctuations in EPS and revenue when compared to estimates.
January 24, 2024 | 9:45 pm
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ESSA Bancorp reported a slight miss in Q1 earnings with an EPS of $0.45, which could lead to negative investor sentiment in the short term.
ESSA Bancorp's miss on earnings estimates, coupled with a decrease in revenue compared to the previous year, may lead to a negative perception among investors. Historically, the stock price increased following a positive earnings surprise last quarter, which suggests that the market is responsive to the company's earnings performance. Therefore, the miss in this quarter could result in a short-term negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100