Metropolitan Bank Holding Q2 EPS $1.37 Misses $1.74 Estimate, Sales $61.61M Miss $62.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
Metropolitan Bank Holding (NYSE:MCB) reported Q2 earnings of $1.37 per share, missing the analyst consensus estimate of $1.74 by 21.26%. This is a 33.82% decrease from the same period last year. The company also reported quarterly sales of $61.61 million, missing the analyst consensus estimate of $62.28 million by 1.08%. This is a 1.11% decrease from the same period last year.
July 20, 2023 | 8:06 pm
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Metropolitan Bank's Q2 earnings and sales missed estimates, indicating a potential negative impact on its stock price.
Metropolitan Bank's earnings and sales for Q2 have both missed estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100