Southern Calif Bancorp Q3 EPS $(0.59) Misses $(0.39) Estimate, Sales $38.12M Miss $38.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southern Calif Bancorp reported a Q3 EPS of $(0.59), missing the $(0.39) estimate, and sales of $38.12M, slightly below the $38.39M estimate. This represents a significant decrease in earnings compared to last year, despite a sales increase.
October 29, 2024 | 12:18 pm
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Southern Calif Bancorp's Q3 earnings per share of $(0.59) significantly missed analyst expectations of $(0.39), marking a substantial decline from last year's $0.35 per share. Sales were slightly below estimates but showed a year-over-year increase.
The significant miss on EPS compared to analyst estimates and the large year-over-year decline in earnings per share are likely to negatively impact BCAL's stock price in the short term. Although sales increased compared to last year, they still fell short of expectations, adding to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100