Heritage Financial Q4 2023 Adj EPS $0.44 Misses $0.45 Estimate, Sales $50.72M Miss $62.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heritage Financial (NASDAQ:HFWA) reported Q4 2023 earnings of $0.44 per share, missing the consensus estimate of $0.45. Quarterly sales were $50.72M, falling short of the $62.03M estimate and representing a 27.22% decrease from the same period last year.
January 25, 2024 | 1:04 pm
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NEGATIVE IMPACT
Heritage Financial's Q4 2023 earnings and sales both missed analyst estimates, with a significant decrease in sales compared to the previous year.
Missing both earnings and revenue estimates, especially with a substantial year-over-year decline in sales, is typically seen as a negative indicator for a company's financial health and often results in a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100