Bank of Marin Q4 Adj EPS $0.30 Misses $0.32 Estimate, Sales $24.26M Miss $25.33M Estimate
Portfolio Pulse from totan@benzinga.com
Bank of Marin (NASDAQ:BMRC) reported Q4 adjusted EPS of $0.30, missing the consensus estimate of $0.32, and sales of $24.26M, also below the estimate of $25.33M. These figures represent a significant decrease from the same period last year, with earnings down 62.96% and sales down 27.29%.
January 29, 2024 | 1:32 pm
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NEGATIVE IMPACT
Bank of Marin's Q4 earnings and sales missed analyst estimates, with a significant decrease compared to the previous year's figures.
Missing both earnings and sales estimates can lead to negative investor sentiment and potential short-term stock price decline. The substantial year-over-year decreases in earnings and sales further contribute to a bearish outlook for BMRC in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100