Amerant Bancorp Q2 Adj EPS $0.24 Beats $0.20 Estimate, Adj Sales $98.05M Beat $97.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Amerant Bancorp's Q2 adjusted earnings per share of $0.24 beat the analyst consensus estimate of $0.20 by 20%. However, this is a 46.67% decrease from the same period last year. The company's adjusted sales of $98.05 million also beat the estimate of $97.11 million by 0.97%, marking a 33.18% increase from last year.
July 20, 2023 | 9:07 pm
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NEUTRAL IMPACT
Amerant Bancorp's Q2 earnings beat estimates but are down YoY. Sales beat estimates and are up YoY.
While Amerant Bancorp beat estimates for both EPS and sales, the YoY decrease in EPS could potentially concern investors. However, the YoY increase in sales could offset these concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100