Financial Institutions Q4 EPS $0.61 Misses $0.71 Estimate, Sales $39.89M Miss $40.32M Estimate
Portfolio Pulse from mahesh@benzinga.com
Financial Institutions (NASDAQ:FISI) reported Q4 earnings of $0.61 per share, missing the consensus estimate of $0.71 by 14.08%. Year-over-year, earnings decreased by 19.74% from $0.76 per share. Quarterly sales were $39.89M, falling short of the $40.32M estimate by 1.08% and representing a 7.56% decrease from the previous year's $43.15M.
January 25, 2024 | 9:18 pm
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NEGATIVE IMPACT
Financial Institutions reported lower-than-expected Q4 earnings and sales, with a notable decrease compared to last year's figures.
Missing both earnings and sales estimates can lead to negative investor sentiment and a potential decrease in stock price in the short term. The significant year-over-year decline in earnings and sales further compounds the negative outlook for FISI's stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100