Colony Bankcorp Q2 Adj EPS $0.33 Beats $0.29 Estimate, Sales $28.13M Miss $28.46M Estimate
Portfolio Pulse from saritha@benzinga.com
Colony Bankcorp (NASDAQ:CBAN) reported Q2 earnings of $0.33 per share, beating the analyst consensus estimate of $0.29 by 13.79%. However, the company's quarterly sales of $28.13 million missed the analyst consensus estimate of $28.46 million by 1.15%. This represents a 10% increase in earnings but a 3.73% decrease in sales compared to the same period last year.
July 26, 2023 | 8:40 pm
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Colony Bankcorp's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Colony Bankcorp's earnings beat could boost investor confidence and potentially drive the stock price up. However, the sales miss could offset this positive sentiment and lead to a neutral or negative market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100