FVCBankcorp Q2 EPS $0.34 Beats $0.22 Estimate, Sales $14.39M Beat $14.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
FVCBankcorp reported Q2 earnings of $0.34 per share, beating the analyst consensus estimate of $0.22 by 54.55%. The company also reported quarterly sales of $14.39 million, surpassing the analyst consensus estimate of $14.15 million by 1.68%. However, this represents a 14.29% decrease over sales of $16.79 million the same period last year.
July 25, 2023 | 8:20 pm
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NEUTRAL IMPACT
FVCBankcorp's Q2 earnings and sales beat estimates, but sales are down 14.29% compared to the same period last year.
FVCBankcorp's earnings beat estimates, which is a positive signal for investors. However, the decrease in sales compared to the same period last year might offset this positive impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100