Civista Bancshares Q1 2024 GAAP EPS $0.41 Misses $0.46 Estimate, Sales $36.876M Miss $38.328M Estimate
Portfolio Pulse from Benzinga Newsdesk
Civista Bancshares (NASDAQ:CIVB) reported Q1 2024 earnings of $0.41 per share, missing the $0.46 estimate, and sales of $36.876M, below the $38.328M estimate. This represents a 50% decrease in earnings and a 15.56% decrease in sales from the same period last year.
April 30, 2024 | 12:35 pm
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NEGATIVE IMPACT
Civista Bancshares reported lower than expected Q1 2024 earnings and sales, with a significant decrease compared to last year.
Missing both earnings and sales estimates significantly, especially with a 50% decrease in earnings per share from the previous year, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100