Central Valley Community Q2 EPS $0.54 Misses $0.60 Estimate, Sales $21.80M Beat $21.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Central Valley Community (NASDAQ:CVCY) reported Q2 earnings of $0.54 per share, missing the analyst consensus estimate of $0.60 by 10%. This is a 3.57% decrease from the same period last year. However, the company reported quarterly sales of $21.80 million, beating the analyst consensus estimate of $21.70 million by 0.46%. This is a 10.04% increase from the same period last year.
July 20, 2023 | 8:08 pm
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NEUTRAL IMPACT
Central Valley Community's Q2 earnings missed estimates but sales beat estimates. This mixed result could lead to uncertain short-term price movements.
The company's earnings miss could negatively impact the stock price, but this may be offset by the better-than-expected sales. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100