South Plains Financial Q4 EPS $0.61 Misses $0.64 Estimate, Sales $44.31M Miss $47.01M Estimate
Portfolio Pulse from totan@benzinga.com
South Plains Financial (NASDAQ:SPFI) reported Q4 earnings of $0.61 per share, missing the consensus estimate of $0.64, and a 14.08% decrease from the previous year. Sales were $44.31M, also below the estimate of $47.01M, marking a 9.57% year-over-year decline.
January 26, 2024 | 12:05 pm
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NEGATIVE IMPACT
South Plains Financial missed Q4 EPS and sales estimates, with a significant decrease compared to last year's figures.
Missing both earnings and sales estimates typically leads to negative investor sentiment and can result in a short-term decline in stock price. The year-over-year decrease in earnings and sales further compounds the negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100