Seacoast Banking Q2 Adj EPS $0.58 Beats $0.52 Estimate, Sales $148.54M Miss $154.60M Estimate
Portfolio Pulse from vinayak@benzinga.com
Seacoast Banking (NASDAQ:SBCF) reported Q2 earnings of $0.58 per share, beating the analyst consensus estimate of $0.52 by 11.54%. However, this is a 1.69% decrease from the same period last year. The company's quarterly sales were $148.54 million, missing the analyst consensus estimate of $154.60 million by 3.92%, but showing a 50.63% increase from the same period last year.
July 27, 2023 | 8:10 pm
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Seacoast Banking's Q2 earnings beat estimates but sales missed. This mixed result could lead to uncertain short-term price movements.
Seacoast Banking's earnings beat estimates, which is a positive signal for investors. However, the missed sales estimates and the decrease in earnings compared to the same period last year could cause some concern, leading to potential uncertainty in the stock's short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100