BCB Bancorp: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
BCB Bancorp (NASDAQ:BCBP) reported Q4 earnings with an EPS of $0.35, missing estimates by 5.41% against the expected $0.37. Revenue declined by $4.09 million compared to the same period last year. The company's stock price dropped 2.3% the day after missing EPS estimates last quarter.
January 25, 2024 | 2:35 pm
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NEGATIVE IMPACT
BCB Bancorp reported lower than expected Q4 earnings and a decrease in revenue, which may lead to a negative short term impact on its stock price.
Given the earnings miss and the historical response of a 2.3% stock price drop after the last quarter's earnings miss, it is likely that BCBP's stock price will experience a similar short term negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100