Prosperity Bancshares Q2 EPS $0.94 Misses $1.15 Estimate, Sales $276.15M Miss $284.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
Prosperity Bancshares (NYSE:PB) reported Q2 earnings of $0.94 per share, missing the analyst consensus estimate of $1.15 by 18.26%. This is a 32.86% decrease from the same period last year. The company also reported quarterly sales of $276.15 million, missing the analyst consensus estimate of $284.34 million by 2.88%. This is a 3.47% decrease from the same period last year.
July 26, 2023 | 10:33 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Prosperity Bancshares reported lower than expected Q2 earnings and sales, which could negatively impact its stock price.
Prosperity Bancshares reported lower than expected earnings and sales for Q2. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100