National Bank Holdings Q1 2024 GAAP EPS $0.82 Beats $0.76 Estimate, Sales $101.724M Miss $103.683M Estimate
Portfolio Pulse from Benzinga Newsdesk
National Bank Holdings (NYSE:NBHC) reported Q1 2024 earnings of $0.82 per share, surpassing the $0.76 estimate, but saw a 22.64% decrease from last year's earnings. Sales of $101.724M missed the $103.683M estimate, marking a 7.15% decrease from the previous year.
April 24, 2024 | 10:15 pm
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National Bank Holdings reported higher than expected Q1 2024 EPS at $0.82, but sales fell short of estimates with $101.724M, indicating mixed financial health.
The beat on EPS estimates could be seen positively by investors, suggesting operational efficiency or cost management. However, the miss on sales estimates and the year-over-year decrease in both earnings and sales could raise concerns about revenue growth and market conditions affecting NBHC. The mixed results make the short-term impact neutral as investors weigh the positive EPS against the negative sales performance.
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