New York Community Q1 2024 Adj EPS $(0.25) Misses $(0.15) Estimate, Sales $624.000M Miss $651.429M Estimate
Portfolio Pulse from Benzinga Newsdesk
New York Community (NYCB) reported Q1 2024 adjusted EPS of $(0.25), missing the $(0.15) estimate, with sales of $624M also missing the $651.429M estimate. This represents a 12.43% increase in sales compared to the same period last year.
May 01, 2024 | 11:02 am
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NEGATIVE IMPACT
New York Community's Q1 2024 earnings and sales missed estimates, with a significant EPS miss and a slight sales miss.
Missing both EPS and sales estimates significantly, especially with a 66.67% miss on the EPS estimate, is likely to negatively impact investor sentiment and stock price in the short term. The sales increase YOY might provide some buffer, but the miss on expectations is a strong negative signal.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100