Southern Calif Bancorp Q1 2024 GAAP EPS $0.26, Inline, Sales $21.907M Miss $22.782M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southern Calif Bancorp (NASDAQ:BCAL) reported Q1 2024 earnings of $0.26 per share, meeting analyst estimates, but missed revenue expectations with $21.907M against a forecast of $22.782M, marking a 17.21% decrease from the previous year.

April 29, 2024 | 12:18 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Southern Calif Bancorp reported Q1 2024 earnings per share of $0.26, aligning with estimates, but their revenue of $21.907M missed expectations by 3.84% and showed a significant year-over-year decline of 17.21%.
The revenue miss and significant year-over-year decline are likely to negatively impact investor sentiment in the short term, despite meeting EPS estimates. The revenue shortfall, especially when it falls below analyst expectations, can lead to a negative perception of the company's growth prospects and financial health, potentially leading to a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100