Evans Bancorp Q2 EPS $0.90 Beats $0.64 Estimate, Sales $20.38M Miss $20.40M Estimate
Portfolio Pulse from sunil@benzinga.com
Evans Bancorp reported Q2 earnings of $0.90 per share, beating the analyst consensus estimate of $0.64 by 40.63%. However, the company's quarterly sales of $20.38 million missed the analyst consensus estimate of $20.40 million by 0.09%. This represents a 12.62% decrease in earnings and a 10.07% decrease in sales compared to the same period last year.
July 27, 2023 | 9:36 pm
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NEUTRAL IMPACT
Evans Bancorp's Q2 earnings beat estimates but sales missed, indicating mixed performance. Earnings and sales are down compared to last year, which may concern investors.
Evans Bancorp's earnings beat estimates, which is a positive signal. However, the miss on sales and the year-over-year decrease in both earnings and sales could be a cause for concern for investors, potentially leading to mixed reactions in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100