West Bancorp Q4 2023 GAAP EPS $0.27 Misses $0.31 Estimate, Sales $18.26M Miss $18.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
West Bancorp (NASDAQ:WTBA) reported Q4 2023 earnings of $0.27 per share, missing the consensus estimate of $0.31 by 12.9%. Year-over-year, earnings decreased by 49.06% from $0.53 per share. Quarterly sales were $18.26M, falling short of the $18.82M estimate by 2.98% and representing a 20.38% decrease from the previous year's $22.93M.
January 25, 2024 | 12:15 pm
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NEGATIVE IMPACT
West Bancorp reported disappointing Q4 results with a significant decrease in earnings and sales compared to last year, missing analyst estimates.
The missed earnings and sales estimates are likely to negatively impact investor sentiment in the short term. The significant year-over-year decline in both earnings and sales suggests underlying challenges that could concern investors, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100