Bank of Hawaii Q1 Earnings and Revenues Miss Estimates
Bank of Hawaii (NYSE: BOH) came out with quarterly earnings of $0.87 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -5.43%. A quarter ago, it was expected that this bank holding company would post earnings of $0.89 per share when it actually produced earnings of $0.72, delivering a surprise of -19.10%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Bank of Hawaii, which belongs to the Zacks Banks – West industry, posted revenues of $156.22 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 2.84%. This compares to year-ago revenues of $176.69 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Bank …
Full story available on Benzinga.com