Banner Q2 EPS $1.32 Misses $1.55 Estimate, Sales $150.94M Miss $151.51M Estimate
Portfolio Pulse from totan@benzinga.com
Banner Corporation (NASDAQ:BANR) reported Q2 earnings of $1.32 per share, missing the analyst consensus estimate of $1.55 by 14.84%. The company also reported quarterly sales of $150.94 million, missing the analyst consensus estimate of $151.51 million by 0.38%. This represents a 5.6% increase in earnings but a 3.36% decrease in sales compared to the same period last year.
July 19, 2023 | 8:03 pm
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Banner Corporation's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
Banner Corporation's Q2 earnings and sales fell short of analyst estimates. This underperformance could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100