Equity Bancshares Q4 EPS $(1.84) Beats $(1.88) Estimate, Sales $(3.95M) Miss $29.49M Estimate
Portfolio Pulse from Benzinga Newsdesk
Equity Bancshares (NASDAQ:EQBK) reported a Q4 loss of $(1.84) per share, slightly better than the estimated $(1.88) loss. However, this represents a significant decrease from the $0.72 earnings per share in the same quarter last year. Quarterly sales were $(3.95 million), far below the expected $29.49 million, and a sharp decline from the previous year's $50.36 million.
January 24, 2024 | 10:36 pm
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Equity Bancshares reported a Q4 EPS loss better than expected but missed sales estimates by a wide margin, indicating a significant year-over-year decline.
The smaller-than-expected loss per share may provide some relief to investors, but the substantial miss in sales and the stark decrease from the previous year's performance are likely to overshadow the EPS beat. This could lead to negative sentiment in the short term, potentially impacting the stock price negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100