KB Financial Group Q4 Adj. EPS $1.94, Sales $2.37B
Portfolio Pulse from Benzinga Newsdesk
KB Financial Group (NYSE:KB) reported Q4 adjusted EPS of $1.94, missing analyst estimates of $2.78 by 30.22%, but marking a 203.12% increase from last year's $0.64. Sales were $2.37B, down 6.73% from $2.54B a year ago.
April 26, 2024 | 1:28 pm
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NEGATIVE IMPACT
KB Financial Group reported a significant year-over-year earnings increase but missed analyst expectations and saw a decrease in sales.
Missing analyst estimates typically leads to negative investor sentiment in the short term, despite the year-over-year earnings growth. The decrease in sales further compounds concerns about the company's revenue trajectory, likely leading to a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100