Deutsche Bank Q4 EPS $0.72 Beats $0.34 Estimate, Sales $7.17B Miss $7.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank (NYSE:DB) reported Q4 earnings per share of $0.72, surpassing the $0.34 estimate, but experienced a 23.3% decrease from the previous year's $0.94. Quarterly sales were $7.17B, falling short of the $7.39B estimate, yet marking an 11.17% increase from last year's $6.45B.
February 01, 2024 | 8:09 am
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NEUTRAL IMPACT
Deutsche Bank's Q4 EPS outperformed estimates, but sales missed expectations. Despite the EPS beat, the year-over-year decline in earnings may concern investors.
The mixed results with an EPS beat but a sales miss and a decrease in earnings compared to last year could lead to a neutral short-term impact on Deutsche Bank's stock price. Investors may be pleased with the earnings beat but could be cautious due to the sales miss and lower earnings year-over-year.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100