Republic Bancorp Q1 EPS $1.58 Misses $1.63 Estimate
Portfolio Pulse from Benzinga Newsdesk
Republic Bancorp (NASDAQ:RBCAA) reported Q1 earnings of $1.58 per share, missing the consensus estimate of $1.63 by 3.07%. This represents an 11.27% increase from the $1.42 per share earned in the same period last year.
April 25, 2024 | 12:30 pm
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Republic Bancorp reported Q1 earnings of $1.58 per share, missing estimates but showing year-over-year growth.
Missing the consensus estimate typically has a negative short-term impact on a stock's price as it may lead to reduced investor confidence. However, the year-over-year growth indicates underlying strength, which might mitigate the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100