Banco Santander Chile Q4 Gaap EPS $0.43 Misses $0.53 Estimate, Sales $414.03M Miss $627.37M Estimate
Portfolio Pulse from saritha@benzinga.com
Banco Santander Chile (NYSE:BSAC) reported Q4 GAAP EPS of $0.43, missing the $0.53 estimate, and sales of $414.03M, missing the $627.37M estimate. This represents an 18.87% miss on EPS and a 34.01% miss on sales estimates, with a slight 0.40% decrease in sales compared to the same period last year, despite a 72% increase in EPS from $0.25.
February 02, 2024 | 11:17 am
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Banco Santander Chile reported a significant miss in both Q4 earnings per share and sales, with EPS at $0.43 against a $0.53 estimate and sales at $414.03M against a $627.37M estimate.
Missing both EPS and sales estimates significantly, especially by 18.87% for EPS and 34.01% for sales, indicates a substantial underperformance compared to market expectations. This is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price, despite the year-over-year increase in EPS.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100