Seacoast Banking Q4 Adj EPS $0.43 Beats $0.40 Estimate, Sales $128.16M Miss $135.57M Estimate
Portfolio Pulse from totan@benzinga.com
Seacoast Banking Corporation (SBCF) reported Q4 adjusted EPS of $0.43, surpassing the consensus estimate of $0.40 by 7.5%. However, the EPS represents a 23.21% decrease from the same quarter last year. Quarterly sales were $128.16M, falling short of the $135.57M estimate by 5.47% and marking a 6.70% decrease from the previous year.
January 25, 2024 | 9:05 pm
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Seacoast Banking's Q4 earnings beat estimates but showed a significant year-over-year decline, while sales missed expectations and also decreased compared to last year.
While the EPS beat may be viewed positively, the year-over-year decline in both EPS and sales could raise concerns about the company's growth trajectory, potentially leading to a neutral short-term impact on the stock price.
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