Eagle Bancorp Q2 EPS $0.94 Beats $0.68 Estimate, Sales $71.81M Miss $72.17M Estimate
Portfolio Pulse from vinayak@benzinga.com
Eagle Bancorp reported Q2 earnings of $0.94 per share, beating the analyst consensus estimate of $0.68 by 38.24%. However, the company's quarterly sales of $71.81 million missed the analyst consensus estimate of $72.17 million by 0.50%. This represents a 21.67% decrease in earnings and a 13.40% decrease in sales compared to the same period last year.
July 26, 2023 | 8:53 pm
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NEUTRAL IMPACT
Eagle Bancorp's Q2 earnings exceeded estimates but sales fell short. Earnings and sales both decreased compared to last year.
While Eagle Bancorp's earnings beat estimates, which could have a positive impact on the stock, the missed sales estimates and the YoY decrease in both earnings and sales could have a negative impact. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100