CORRECTION: Bank of Montreal Q2 Adj. EPS $2.17 Misses $2.37 Estimate, Sales $6.24B Beat $6.00B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank of Montreal (NYSE:BMO) reported Q2 adjusted EPS of $2.17, missing the $2.37 estimate, and sales of $6.24B, beating the $6.00B estimate. This represents a 14.9% decrease in earnings and a 15.15% decrease in sales compared to the same period last year.
May 24, 2023 | 10:17 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Bank of Montreal's Q2 adjusted EPS of $2.17 missed the $2.37 estimate, while sales of $6.24B beat the $6.00B estimate. Earnings and sales decreased by 14.9% and 15.15% YoY, respectively.
Bank of Montreal's Q2 earnings missed the analyst consensus estimate by 8.44%, and sales beat the estimate by 4.00%. The decrease in earnings and sales compared to the same period last year indicates a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100