Barclays Q4 Adj. EPS $0.21 Misses $0.36 Estimate, Sales $6.94B Miss $7.38B Estimate
Portfolio Pulse from Benzinga Newsdesk
Barclays (NYSE:BCS) reported Q4 adjusted EPS of $0.21, missing the $0.36 estimate by 41.67%, and sales of $6.94B, missing the $7.38B estimate by 5.98%. This represents a 30% decrease in EPS from the same period last year, though sales saw a 1.98% increase from $6.80B.
February 20, 2024 | 7:48 am
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Barclays reported a significant miss in Q4 adjusted EPS and sales, with a 41.67% miss on EPS estimates and a 5.98% miss on sales estimates.
Missing both EPS and sales estimates significantly, especially with a 30% decrease in EPS from the previous year, is likely to negatively impact investor sentiment and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100