Peoples Bancorp Q2 EPS $0.64 Misses $0.76 Estimate, Adj. Revenue $108.14M Beat $101.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Peoples Bancorp (NASDAQ:PEBO) reported Q2 earnings of $0.64 per share, missing the analyst consensus estimate of $0.76 by 15.79%. This is a 28.89% decrease from the same period last year. However, the company reported quarterly sales of $105.87 million, beating the analyst consensus estimate of $101.67 million by 4.13%, a 29.96% increase from last year.
July 25, 2023 | 10:03 am
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Peoples Bancorp's Q2 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain market reactions.
Peoples Bancorp's earnings miss could negatively impact the stock as it indicates lower profitability. However, the sales beat could offset this as it shows strong revenue growth. The net impact could be neutral as the market weighs these factors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100