UPDATE: 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 $108.14 million, beating the analyst consensus estimate of $101.67 million by 6.37%, a 32.75% increase from last year.
July 25, 2023 | 10:28 am
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NEGATIVE IMPACT
Peoples Bancorp's Q2 earnings per share missed estimates by 15.79%, a decrease of 28.89% YoY. However, sales beat estimates by 6.37%, an increase of 32.75% YoY.
Peoples Bancorp's earnings miss could negatively impact the stock price in the short term. However, the strong sales performance might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100