MidWestOne Financial Gr Q4 EPS $0.17 Misses $0.49 Estimate, Sales $32.56M Miss $34.02M Estimate
Portfolio Pulse from bharat@benzinga.com
MidWestOne Financial Group, Inc. (NASDAQ:MOFG) reported Q4 earnings of $0.17 per share, significantly missing the consensus estimate of $0.49 by 65.31%. Year-over-year, earnings plummeted by 83.33% from $1.02 per share. Quarterly sales were $32.56M, falling short of the $34.02M estimate by 4.29% and representing a 25.26% decrease from the previous year's $43.56M.
January 25, 2024 | 9:24 pm
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NEGATIVE IMPACT
MidWestOne Financial Group reported a substantial miss in Q4 earnings and sales, with a significant decrease compared to last year's figures.
The significant miss in both earnings per share and sales compared to analyst estimates, along with the stark year-over-year decline, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100