Northeast Bank Earnings Preview
Portfolio Pulse from Benzinga Insights
Northeast Bank (NASDAQ:NBN) is expected to report an EPS of $1.72 in its upcoming quarterly earnings on January 30, 2024. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has reacted positively to earnings beats, with a 7.1% increase after last quarter's results. Over the past 52 weeks, NBN shares have risen 19.37%, indicating a bullish sentiment among long-term shareholders.
January 29, 2024 | 5:02 pm
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Northeast Bank is anticipated to report a quarterly EPS of $1.72. A positive earnings surprise and guidance could lead to a stock price increase, as seen historically. Shares have been bullish, up 19.37% over the last year.
Given Northeast Bank's history of stock price increases following earnings beats and the current bullish sentiment reflected by the 19.37% rise over the past year, there is a high likelihood of a positive short-term impact on NBN's stock price if the company reports a higher than expected EPS and provides favorable guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100