Shore Bancshares Q1 EPS $0.25 Misses $0.32 Estimate, Sales $41.13M Miss $42.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shore Bancshares (NASDAQ:SHBI) reported Q1 earnings of $0.25 per share, missing the consensus estimate of $0.32, and sales of $41.13M, below the $42.19M estimate. This represents a 28.57% decrease in earnings per share and a 60.03% increase in sales compared to the same period last year.
May 02, 2024 | 9:27 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Shore Bancshares reported lower-than-expected Q1 earnings and sales, with a significant decrease in EPS but a notable increase in sales year-over-year.
The miss in both earnings per share and sales estimates is likely to negatively impact investor sentiment in the short term, leading to a potential decrease in stock price. However, the significant increase in sales year-over-year may provide some buffer against a steep decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100