Independent Bank Gr Q2 Adj EPS $0.82 Misses $0.87 Estimate, Sales $127.34M Miss $139.16M Estimate
Portfolio Pulse from totan@benzinga.com
Independent Bank Gr (NASDAQ:IBTX) reported Q2 earnings of $0.82 per share, missing the analyst consensus estimate of $0.87 by 5.75%. This is a 35.43% decrease from the same period last year. The company also reported quarterly sales of $127.34 million, missing the analyst consensus estimate of $139.16 million by 8.49%. This is a 16.16% decrease from the same period last year.
July 24, 2023 | 9:04 pm
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Independent Bank Gr's Q2 earnings and sales missed estimates, indicating a potential negative impact on its stock price.
Independent Bank Gr's earnings and sales for Q2 have both missed estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the company's stock price in the short term.
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