Lakeland Bancorp Q2 EPS $0.34 Misses $0.39 Estimate, Sales $78.21M Miss $81.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lakeland Bancorp reported Q2 earnings of $0.34 per share, missing the analyst consensus estimate of $0.39 by 12.82%. This is a 22.73% decrease from the same period last year. The company also reported quarterly sales of $78.21 million, missing the analyst consensus estimate of $81.40 million by 3.92%. This is a 10.48% decrease from the same period last year.
July 27, 2023 | 12:19 pm
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Lakeland Bancorp's Q2 earnings and sales missed estimates, indicating a potential negative impact on the stock.
Lakeland Bancorp's earnings and sales for Q2 have both missed estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100