Servisfirst Bancshares Q2 EPS $0.98 Beats $0.89 Estimate, Sales $109.83M Beat $105.94M Estimate
Portfolio Pulse from mahesh@benzinga.com
Servisfirst Bancshares (NYSE:SFBS) reported Q2 earnings of $0.98 per share, beating the analyst consensus estimate of $0.89 by 10.11%. However, this is a 14.04% decrease from the same period last year. The company also reported quarterly sales of $109.83 million, beating the estimate of $105.94 million by 3.67%, but this is a 12.74% decrease from the same period last year.
July 20, 2023 | 8:15 pm
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Servisfirst Bancshares reported better than expected Q2 earnings and sales, but both figures are down from the same period last year.
While the company beat estimates, the decrease in earnings and sales compared to the same period last year could potentially offset any positive impact from beating estimates. This makes the short term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100