ConnectOne Bancorp Q3 2024 GAAP EPS $0.41 Misses $0.44 Estimate, Sales $60.887M Miss $63.547M Estimate
Portfolio Pulse from Benzinga Newsdesk
ConnectOne Bancorp reported Q3 2024 earnings and sales that missed analyst estimates. The company's EPS was $0.41, below the expected $0.44, and sales were $60.887 million, missing the $63.547 million estimate. Both figures also showed a decline from the previous year.
October 24, 2024 | 11:03 am
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ConnectOne Bancorp's Q3 2024 earnings and sales missed analyst estimates, with EPS at $0.41 and sales at $60.887 million. Both metrics also declined compared to the previous year.
The earnings per share (EPS) and sales figures both missed analyst expectations, which is typically viewed negatively by investors. Additionally, the year-over-year decline in both EPS and sales suggests potential challenges for the company, likely leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100