Earnings Preview For Bank of Marin
Portfolio Pulse from Benzinga Insights
Bank of Marin (NASDAQ:BMRC) is scheduled to release its quarterly earnings report on Monday, 2024-01-29, with analysts expecting an EPS of $0.32. Historical data shows that the company's stock price tends to drop following earnings reports, even when EPS beats estimates. Over the last year, BMRC shares have declined by nearly 30%, indicating a bearish sentiment among long-term shareholders.
January 26, 2024 | 3:00 pm
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Bank of Marin is expected to report an EPS of $0.32 for the latest quarter. Past earnings have led to stock price declines, and long-term performance shows a 29.95% drop over the past year.
Given the historical performance where BMRC's stock price typically dropped after earnings reports, even with an EPS beat, and considering the 29.95% decline over the past year, there is a negative sentiment that could lead to a short-term price drop post-earnings announcement.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100