Merchants Bancorp Q2 EPS $1.31 Beats $1.23 Estimate, Sales $135.50M Beat $122.90M Estimate
Portfolio Pulse from saritha@benzinga.com
Merchants Bancorp reported Q2 earnings of $1.31 per share, beating the analyst consensus estimate of $1.23 by 6.5%. This is an 18.02% increase from the same period last year. The company also reported quarterly sales of $135.50 million, beating the analyst consensus estimate of $122.90 million by 10.25%, a 21.85% increase from the same period last year.
July 27, 2023 | 8:16 pm
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POSITIVE IMPACT
Merchants Bancorp's Q2 earnings and sales beat analyst estimates, showing a significant YoY increase. This positive financial performance may boost investor confidence.
Merchants Bancorp's Q2 earnings and sales exceeded analyst estimates, indicating a strong financial performance. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100