Dime Community Bancshares Q4 Adj EPS $0.39 Misses $0.47 Estimate, Sales $82.99M Beat $73.79M Estimate
Portfolio Pulse from totan@benzinga.com
Dime Community Bancshares (NASDAQ:DCOM) reported Q4 adjusted EPS of $0.39, missing the consensus estimate of $0.47 by 17.02%, and a 60.61% decrease from the previous year's $0.99. However, sales of $82.99M exceeded estimates of $73.79M by 12.47%, despite being 21.90% lower than the previous year's $106.27M.
January 26, 2024 | 12:09 pm
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Dime Community Bancshares missed Q4 EPS estimates by 17.02% and reported a significant 60.61% YOY decrease, but surpassed sales estimates by 12.47% despite a YOY decrease of 21.90%.
The missed EPS estimate and significant year-over-year decrease in earnings are likely to negatively impact investor sentiment in the short term, despite the sales beat. Earnings misses typically have a stronger negative effect on stock prices than sales beats have positively, especially when the miss is substantial and accompanied by a large YOY earnings decrease.
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IMPORTANCE 80
RELEVANCE 100