Earnings Preview: Bank of N.T Butterfield
Portfolio Pulse from Benzinga Insights
Bank of N.T Butterfield (NYSE:NTB) is scheduled to release its quarterly earnings report on February 12, 2024, with an estimated EPS of $1.11. Historical data shows mixed reactions to past earnings, with the stock price fluctuating post-announcement. Shares have declined 11.2% over the last year, indicating potential investor concern ahead of the earnings release.
February 09, 2024 | 3:01 pm
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Bank of N.T Butterfield (NTB) is expected to report an EPS of $1.11 for the upcoming quarter. Historical performance shows variable stock price reactions post-earnings, with a general downtrend of 11.2% over the past year.
Given NTB's mixed historical earnings performance and the overall downtrend in its stock price over the past year, the short-term impact of the upcoming earnings report is uncertain. While beating the EPS estimate could positively influence the stock, the guidance provided will likely play a crucial role in determining the stock's direction. The past performance indicates that even beating the EPS estimate does not guarantee a positive stock price reaction.
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