Columbia Financial Q4 EPS $0.06 Misses $0.07 Estimate, Sales $56.59M Beat $46.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Columbia Financial (NASDAQ:CLBK) reported Q4 earnings of $0.06 per share, missing the consensus estimate of $0.07, a 71.43% decrease from last year. However, sales of $56.59M exceeded estimates of $46.40M, despite being 25.46% lower than the previous year.
January 25, 2024 | 9:39 pm
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Columbia Financial reported lower-than-expected Q4 EPS at $0.06, a significant decrease from last year, but surpassed sales estimates with $56.59M.
The earnings miss is likely to negatively impact investor sentiment in the short term, as EPS is a critical measure of profitability. However, the sales beat may provide some offsetting positive sentiment. The significant year-over-year declines in both earnings and sales indicate underlying challenges that could concern investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100