RBB Bancorp Q2 EPS $0.58 Beats $0.56 Estimate, Sales $34.42M Beat $33.87M Estimate
Portfolio Pulse from mahesh@benzinga.com
RBB Bancorp reported Q2 earnings of $0.58 per share, beating the analyst consensus estimate of $0.56 by 3.57%. However, this is a 27.5% decrease from the same period last year. The company also reported quarterly sales of $34.42 million, beating the estimate of $33.87 million by 1.62%, but this is a 15.04% decrease from the same period last year.
July 24, 2023 | 8:21 pm
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NEUTRAL IMPACT
RBB Bancorp's Q2 earnings and sales beat estimates but are down from the same period last year.
While RBB Bancorp beat estimates for Q2 earnings and sales, the decrease from the same period last year could potentially concern investors. This mixed result makes the short term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100