Finward Bancorp Q4 2023 Adj EPS $0.35 Misses $0.46 Estimate, Sales $15.45M Miss $16.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Finward Bancorp (NASDAQ:FNWD) reported Q4 2023 earnings of $0.35 per share, missing the consensus estimate of $0.46, and sales of $15.45M, also below the expected $16.50M. This represents a 21.37% decrease in sales compared to the same period last year.
January 30, 2024 | 9:37 pm
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NEGATIVE IMPACT
Finward Bancorp's Q4 earnings per share and sales both missed analyst estimates, with a notable decrease in sales from the previous year.
Missing both earnings and sales estimates is likely to negatively impact investor sentiment and the stock price in the short term. The significant year-over-year decrease in sales further compounds the negative outlook, suggesting potential underlying issues that may concern investors.
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