Shore Bancshares Q2 EPS $0.25 Misses $0.31 Estimate, Sales $22.55M Miss $25.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shore Bancshares reported Q2 earnings of $0.25 per share, missing the analyst consensus estimate of $0.31 by 19.35%. This is a 35.9% decrease from the same period last year. The company also reported quarterly sales of $22.55 million, missing the estimate of $25.01 million by 9.86%. This is an 8.56% decrease from the same period last year.
July 27, 2023 | 8:48 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Shore Bancshares reported lower than expected Q2 earnings and sales, indicating a potential negative impact on its stock price.
Shore Bancshares reported lower than expected earnings and sales for Q2. This miss on both fronts could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100