UPDATE: Old Second Bancorp Q4 Adj $0.42 Misses $0.54 Estimate, Sales $69.96M Miss $72.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Old Second Bancorp (NASDAQ:OSBC) reported Q4 adjusted earnings of $0.42 per share, missing the consensus estimate of $0.54 by 22.22%. Year-over-year, earnings decreased by 20.75% from $0.53 per share. Quarterly sales were $69.96M, falling short of the $72.97M estimate by 4.12% and representing a 4.21% decrease from $73.04M in the same period last year.
January 24, 2024 | 9:49 pm
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NEGATIVE IMPACT
Old Second Bancorp's Q4 earnings and sales missed analyst estimates, with a significant decrease in earnings per share compared to last year.
Missing both earnings and sales estimates can lead to negative investor sentiment and a potential decrease in stock price in the short term. The year-over-year decline in earnings per share further emphasizes the company's underperformance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100