Recap: Financial Institutions Q4 Earnings
Portfolio Pulse from Benzinga Insights
Financial Institutions (NASDAQ:FISI) reported Q4 earnings with an EPS of $0.61, missing the estimate of $0.71 by 14.08%. Revenue decreased by $3.26 million compared to the same period last year. In the previous quarter, FISI beat the EPS estimate but the share price fell by 2.69% the following day.
January 25, 2024 | 9:20 pm
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NEGATIVE IMPACT
Financial Institutions reported a miss in Q4 earnings with an EPS of $0.61 against an estimate of $0.71 and a revenue decline from the previous year.
Missing earnings estimates typically leads to negative investor sentiment and can cause a short-term decline in stock price. The historical data shows a previous drop in share price following an earnings beat, suggesting that the market may react negatively to an earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100