First Merchants Q2 Adj. EPS $1.02, Inline, Sales $164.15M Miss $172.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Merchants (NASDAQ:FRME) reported Q2 adjusted earnings of $1.02 per share, in line with analyst consensus. This is a 0.99% increase from last year. However, the company's quarterly sales of $164.15M missed the analyst consensus estimate of $172.96M by 5.09%, though it's a 4.60% increase from last year.
July 25, 2023 | 12:05 pm
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First Merchants' Q2 earnings met expectations but sales missed estimates. This mixed result may lead to uncertain market reactions.
First Merchants' earnings met analyst expectations, which is positive. However, their sales missed the consensus estimate, which is negative. These mixed results make the short-term impact on the stock uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100