Macatawa Bank Q2 EPS $0.30 Misses $0.33 Estimate
Portfolio Pulse from Benzinga Newsdesk
Macatawa Bank reported Q2 earnings of $0.30 per share, missing the analyst consensus estimate of $0.33 by 9.09%. However, this is a 57.89% increase over earnings of $0.19 per share from the same period last year.
July 27, 2023 | 8:55 pm
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NEUTRAL IMPACT
Macatawa Bank's Q2 earnings per share missed the analyst consensus estimate, but showed a significant YoY increase.
While Macatawa Bank's Q2 earnings per share missed the analyst consensus estimate, the significant YoY increase could be seen as a positive sign of growth. This mixed result makes the short term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100