First Hawaiian Q4 EPS $0.37 Misses $0.44 Estimate, Sales $210.14M Beat $201.03M Estimate
Portfolio Pulse from totan@benzinga.com
First Hawaiian (NASDAQ:FHB) reported Q4 earnings of $0.37 per share, missing the consensus estimate of $0.44 by 15.91%. Year-over-year, earnings decreased by 40.32% from $0.62 per share. However, quarterly sales of $210.14M exceeded estimates by 4.53% but showed a 4.46% decrease from the previous year's $219.94M.
January 26, 2024 | 1:02 pm
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NEGATIVE IMPACT
First Hawaiian's Q4 EPS of $0.37 missed estimates by 15.91% and decreased 40.32% YoY, while sales of $210.14M beat estimates but were down 4.46% YoY.
The missed EPS estimate and significant year-over-year decline in earnings are likely to negatively impact investor sentiment in the short term. Although sales beat estimates, the decrease from the previous year may also contribute to a negative outlook. The combined effect of these factors is expected to put downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100