Glacier Bancorp Q1 EPS $0.29 Misses $0.33 Estimate, Sales $166.48M Miss $171.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Glacier Bancorp (NYSE:GBCI) reported Q1 earnings of $0.29 per share, missing the consensus estimate of $0.33, a 47.27% decrease from last year's $0.55. Sales were $166.48M, below the $171.55M estimate, marking a 10.59% decrease from the previous year.
April 18, 2024 | 8:50 pm
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Glacier Bancorp reported lower than expected Q1 earnings and sales, missing analyst estimates and showing significant declines from the previous year.
Missing both earnings and sales estimates significantly, especially with a notable year-over-year decline, typically leads to negative investor sentiment and could result in a short-term decrease in stock price.
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