Bank of Montreal Q1 Adj EPS $1.88 Misses $2.25 Estimate, Sales $5.64B Miss $6.18B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank of Montreal (BMO) reported Q1 adjusted EPS of $1.88, missing the $2.25 estimate, and sales of $5.64B, below the $6.18B estimate. This represents a 21.57% decrease in EPS and a 17.02% increase in sales year-over-year.
February 27, 2024 | 11:04 am
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NEGATIVE IMPACT
Bank of Montreal reported lower than expected Q1 earnings and sales, with a significant decrease in EPS compared to last year.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with a substantial year-over-year decrease in EPS, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100