Lakeland Bancorp Q4 2023 GAAP EPS $0.30 Misses $0.32 Estimate, Sales $72.09M Miss $73.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lakeland Bancorp (NASDAQ:LBAI) reported Q4 2023 earnings of $0.30 per share, missing the consensus estimate of $0.32, and a 41.18% decrease from the previous year. Sales were $72.09M, also missing the estimate of $73.80M, and down 18.69% from the previous year.
January 25, 2024 | 1:02 pm
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NEGATIVE IMPACT
Lakeland Bancorp's Q4 earnings and sales missed estimates, with significant decreases from the previous year's figures.
Missing both earnings and sales estimates, especially with such a notable year-over-year decline, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100