QCR Hldgs Q2 Adj EPS $1.69 Beats $1.34 Estimate, Sales $53.20M Miss $62.47M Estimate
Portfolio Pulse from totan@benzinga.com
QCR Holdings (NASDAQ:QCRH) reported Q2 earnings of $1.69 per share, beating the analyst consensus estimate of $1.34 by 26.12%. However, the company's quarterly sales of $53.20 million missed the analyst consensus estimate of $62.47 million by 14.83%. This represents a 2.31% decrease in earnings and a 10.43% decrease in sales compared to the same period last year.
July 26, 2023 | 8:13 pm
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QCR Holdings' Q2 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertainty among investors.
QCR Holdings' earnings beat could be seen as a positive sign of the company's profitability. However, the sales miss indicates that the company's revenue generation is not as strong as expected, which could negatively impact investor sentiment. The decrease in both earnings and sales compared to last year further adds to this uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100