BCB Bancorp Q4 EPS $0.35 Misses $0.37 Estimate, Sales $27.15M Beat $26.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
BCB Bancorp (NASDAQ:BCBP) reported Q4 earnings of $0.35 per share, missing the consensus estimate of $0.37 by 5.41%. Year-over-year, this represents a 49.28% decrease from $0.69 per share. However, quarterly sales of $27.15M exceeded estimates of $26.39M by 2.87%, despite being a 13.10% decrease from the previous year's $31.24M.
January 25, 2024 | 1:36 pm
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NEGATIVE IMPACT
BCB Bancorp's Q4 earnings per share of $0.35 missed estimates by 5.41%, and sales of $27.15M exceeded expectations but showed a significant decrease from the previous year.
The miss in earnings per share is likely to negatively impact investor sentiment in the short term, despite the slight beat in sales. The significant year-over-year decrease in both earnings and sales may raise concerns about the company's growth trajectory and profitability, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100