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
News sentiment analysis
Sort by:
Ascending
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