Ameris Q4 Adj EPS $1.07 Misses $1.10 Estimate, Sales $262.35M Miss $264.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ameris Bancorp (NASDAQ:ABCB) reported Q4 adjusted EPS of $1.07, missing the consensus estimate of $1.10, and sales of $262.35M, also missing the estimate of $264.66M. Compared to last year, EPS decreased by 8.55% and sales by 3.72%.
January 25, 2024 | 9:17 pm
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NEGATIVE IMPACT
Ameris Bancorp's Q4 earnings and sales missed estimates, with a year-over-year decline in both EPS and sales.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term. The year-over-year decline in EPS and sales further reinforces the likelihood of a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100