Amerant Bancorp Q1 2024 Adj EPS $0.32 Misses $0.36 Estimate, Sales $92.662M Beat $91.374M Estimate
Portfolio Pulse from Benzinga Newsdesk
Amerant Bancorp (NYSE:AMTB) reported Q1 2024 adjusted EPS of $0.32, missing the $0.36 estimate, and sales of $92.662M, beating the $91.374M estimate. This represents a 45.76% decrease in EPS and a 5.66% decrease in sales from the same period last year.
April 24, 2024 | 9:36 pm
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NEGATIVE IMPACT
Amerant Bancorp reported a Q1 2024 adjusted EPS of $0.32, missing estimates by 11.11%, and sales of $92.662M, slightly above estimates. Year-over-year, EPS decreased by 45.76% and sales by 5.66%.
The miss in EPS expectations and the significant year-over-year decrease in both EPS and sales are likely to negatively impact investor sentiment towards AMTB in the short term. Although the sales beat might offer some positive outlook, the overall performance suggests potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100