Middlefield Banc Q2 EPS $0.63 Beats $0.59 Estimate
Portfolio Pulse from Benzinga Newsdesk
Middlefield Banc (NASDAQ:MBCN) reported Q2 earnings of $0.63 per share, beating the analyst consensus estimate of $0.59 by 6.78 percent. However, this represents a 10 percent decrease from the same period last year.
July 24, 2023 | 12:09 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Middlefield Banc's Q2 earnings surpassed estimates but are lower than last year's Q2 earnings.
While the earnings beat estimates, which is generally a positive signal, the year-over-year decrease might concern some investors. The net impact on the stock price could be neutral in the short term as these two factors balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100