Origin Bancorp Q3 EPS $0.60 Misses $0.64 Estimate, Sales $90.79M Miss $93.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Origin Bancorp reported Q3 earnings of $0.60 per share, missing the $0.64 estimate, and sales of $90.79M, below the $93.50M estimate. Both earnings and sales decreased compared to the same period last year.
October 23, 2024 | 8:46 pm
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NEGATIVE IMPACT
Origin Bancorp's Q3 earnings and sales both missed analyst estimates, with earnings per share at $0.60 versus the expected $0.64, and sales at $90.79M versus the expected $93.50M. Both metrics also showed a decline from the previous year.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors. Additionally, the year-over-year decline in both metrics suggests potential challenges for the company, likely leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100