Carter Bankshares Q4 EPS $(0.02) Misses $0.17 Estimate
Portfolio Pulse from Benzinga Newsdesk
Carter Bankshares (NASDAQ:CARE) reported a Q4 EPS loss of $(0.02), significantly missing the analyst consensus estimate of $0.17. This represents a sharp decline from the $0.62 per share earned in the same quarter of the previous year, marking a 103.23% decrease in earnings.
January 25, 2024 | 1:07 pm
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NEGATIVE IMPACT
Carter Bankshares reported a significant miss in Q4 EPS, with a loss of $(0.02) compared to the expected $0.17, indicating a substantial year-over-year decline in profitability.
The reported earnings significantly missed analyst expectations, which is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the comparison to the previous year's performance suggest a concerning trend that could lead to a loss of investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100