ConnectOne Bancorp Q1 2024 GAAP EPS $0.41 Misses $0.42 Estimate, Sales $60.300M Miss $61.598M Estimate
Portfolio Pulse from Benzinga Newsdesk
ConnectOne Bancorp (NASDAQ:CNOB) reported Q1 2024 earnings of $0.41 per share, missing the $0.42 estimate, and sales of $60.300M, below the $61.598M estimate. This represents a 30.51% decrease in earnings and a 10.11% decrease in sales from the same period last year.
April 25, 2024 | 11:51 am
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ConnectOne Bancorp reported lower than expected Q1 2024 earnings and sales, with a significant decrease compared to last year.
Missing both earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. The significant year-over-year decline in both metrics further exacerbates this effect, suggesting a potential downward pressure on CNOB's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100