VersaBank Q3 2024 GAAP EPS C$0.36 Misses C$0.46 Estimate, Sales C$26.996M Miss C$27.012M Estimate
Portfolio Pulse from Benzinga Newsdesk
VersaBank's Q3 2024 earnings report shows a miss on both EPS and sales estimates. The EPS of C$0.36 fell short of the C$0.46 estimate, and sales of C$26.996M slightly missed the C$27.012M estimate. This reflects a decrease in EPS from last year, despite a slight increase in sales.
September 05, 2024 | 11:04 am
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VersaBank's Q3 2024 earnings report shows a significant miss on EPS and a slight miss on sales estimates. The EPS of C$0.36 is below the C$0.46 consensus, indicating a 21.74% miss. Sales were slightly below expectations, but showed a small increase from last year.
The significant miss on EPS and slight miss on sales estimates are likely to negatively impact VersaBank's stock price in the short term. The EPS miss is substantial at 21.74%, which could lead to investor disappointment and selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100