Mercantile Bank's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Mercantile Bank (NASDAQ:MBWM) is set to release its quarterly earnings report on Tuesday, 2023-07-18. Analysts estimate an earnings per share (EPS) of $1.10. The bank's past performance shows it beat EPS estimates last quarter, which led to a 0.28% increase in share price. However, the bank's shares have been down 12.42% over the last 52-week period.
July 17, 2023 | 3:00 pm
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Mercantile Bank's upcoming earnings report could impact its stock price. The bank's past performance shows it beat EPS estimates last quarter, which led to a slight increase in share price. However, the bank's shares have been down over the past year.
The upcoming earnings report is a significant event for Mercantile Bank. If the bank beats the EPS estimate, it could lead to a positive impact on the stock price, as seen in the past quarter. However, the overall negative trend in the bank's share price over the past year could dampen investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100