Heritage Commerce Q4 EPS $0.22 Misses $0.24 Estimate, Sales $44.24M Miss $44.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heritage Commerce Corp reported Q4 earnings of $0.22 per share, missing the consensus estimate of $0.24, and sales of $44.24M, also below the expected $44.54M. This reflects a significant decrease from the previous year's earnings and sales.
January 26, 2024 | 6:56 am
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Heritage Commerce missed Q4 EPS and sales estimates, with a notable year-over-year decline in both earnings and revenue.
Missing both EPS and sales estimates, especially with such a significant year-over-year decline, is likely to negatively impact investor sentiment and could lead to a short-term drop in stock price.
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