Orange County Bancorp Q3 2024 GAAP EPS $0.57 Misses $1.50 Estimate
Portfolio Pulse from Benzinga Newsdesk
Orange County Bancorp reported Q3 2024 earnings per share of $0.57, significantly missing the analyst consensus estimate of $1.50 by 62%.
October 30, 2024 | 8:48 pm
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NEGATIVE IMPACT
Orange County Bancorp's Q3 2024 earnings per share of $0.57 fell short of the expected $1.50, missing by 62%. This significant miss could negatively impact the stock price in the short term.
The substantial miss in earnings per share compared to analyst expectations is likely to lead to a negative reaction from investors, potentially causing a decline in the stock price. The 62% shortfall indicates significant underperformance, which is critical for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100