Central Pacific Financial Q4 EPS $0.55 Beats $0.48 Estimate, Sales $51.14M Beat $50.78M Estimate
Portfolio Pulse from Benzinga Newsdesk
Central Pacific Financial (CPF) reported Q4 earnings of $0.55 per share, surpassing the consensus estimate of $0.48, and sales of $51.14M, slightly above the estimate of $50.78M. However, both earnings and sales saw a decrease compared to the same period last year, with earnings down by 25.68% and sales by 9.14%.
January 31, 2024 | 11:00 am
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NEUTRAL IMPACT
CPF exceeded Q4 EPS and sales estimates but experienced a significant year-over-year decline in both metrics.
While CPF's earnings and sales beat estimates, the year-over-year decline may temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The beat on estimates could be seen as a positive, but the significant declines compared to the previous year might raise concerns about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100