Ameris Q2 EPS $0.91 Misses $1.13 Estimate, Sales $276.89M Beat $257.95M Estimate
Portfolio Pulse from mahesh@benzinga.com
Ameris (NASDAQ:ABCB) reported Q2 earnings of $0.91 per share, missing the analyst consensus estimate of $1.13 by 19.47%. This is a 22.88% decrease from the same period last year. However, the company's quarterly sales of $276.89 million beat the analyst consensus estimate of $257.95 million by 7.34%, a 0.61% increase from last year.
July 27, 2023 | 8:27 pm
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Ameris' Q2 earnings per share missed estimates by 19.47%, but sales exceeded expectations by 7.34%.
Ameris' earnings per share fell short of analyst estimates, which could negatively impact investor sentiment and potentially lead to a decrease in the stock price. However, the company's sales exceeded expectations, which could offset some of the negative impact.
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