Meridian Q4 2023 GAAP EPS $0.05 Misses $0.28 Estimate
Portfolio Pulse from Benzinga Newsdesk
Meridian (NASDAQ:MRBK) reported Q4 2023 earnings of $0.05 per share, significantly missing the consensus estimate of $0.28 by 82.14%.
January 26, 2024 | 8:06 pm
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Meridian's Q4 2023 earnings per share of $0.05 was well below the analyst consensus estimate of $0.28, missing by 82.14%.
Earnings misses typically lead to negative investor sentiment and can cause a short-term decline in stock price. Given the significant miss of 82.14%, it is likely that MRBK's stock will face downward pressure in the short term.
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