Tompkins Finl Q2 EPS $0.59 Misses $1.05 Estimate
Portfolio Pulse from Benzinga Newsdesk
Tompkins Financial Corporation (AMEX:TMP) reported Q2 earnings of $0.59 per share, missing the analyst consensus estimate of $1.05 by 43.81%. This represents a 59.31% decrease from the same period last year.
July 21, 2023 | 1:04 pm
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Tompkins Financial's Q2 earnings significantly missed analyst estimates, which could negatively impact investor sentiment and the stock's price in the short term.
Earnings reports are a key indicator of a company's financial health. A significant miss on earnings estimates, like the one reported by Tompkins Financial, can lead to negative investor sentiment and a potential drop in the stock's price in the short term. This is especially true if the miss is part of a trend, as indicated by the 59.31% decrease from the same period last year.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100