Glacier Bancorp Q2 EPS $0.50 Beats $0.49 Estimate, Sales $171.98M Miss $184.26M Estimate
Portfolio Pulse from totan@benzinga.com
Glacier Bancorp (NYSE:GBCI) reported Q2 earnings of $0.50 per share, beating the analyst consensus estimate of $0.49 by 2.04%. However, this is a 27.54% decrease from the same period last year. The company's quarterly sales were $171.98 million, missing the analyst consensus estimate of $184.26 million by 6.66%, and marking an 11.09% decrease from the same period last year.
July 20, 2023 | 8:31 pm
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Glacier Bancorp's Q2 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
Glacier Bancorp's earnings beat estimates, which is positive. However, the YoY decrease in earnings and sales, as well as the missed sales estimate, are negative indicators that could impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100