Macatawa Bank Q4 EPS $0.28 Misses $0.31 Estimate
Portfolio Pulse from Benzinga Newsdesk
Macatawa Bank (NASDAQ:MCBC) reported Q4 earnings of $0.28 per share, missing the consensus estimate of $0.31 by 9.68%. This represents a 20% decrease from the $0.35 per share earned in the same quarter last year.
January 25, 2024 | 9:25 pm
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NEGATIVE IMPACT
Macatawa Bank's Q4 earnings per share of $0.28 missed the estimated $0.31, marking a 20% decrease from the previous year's same quarter.
Earnings misses typically result in negative investor sentiment and can lead to a short-term decline in stock price. The 20% YOY decrease further emphasizes the company's underperformance, likely increasing the negative impact on the stock.
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IMPORTANCE 80
RELEVANCE 100