Stellar Bancorp Q2 EPS $0.66 Misses $0.68 Estimate, Sales $113.76M Miss $116.78M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stellar Bancorp (NYSE:STEL) reported Q2 earnings of $0.66 per share, missing the analyst consensus estimate of $0.68 by 2.94%. The company also reported quarterly sales of $113.76 million, missing the analyst consensus estimate of $116.78 million by 2.58%.
July 28, 2023 | 11:04 am
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NEGATIVE IMPACT
Stellar Bancorp's Q2 earnings and sales fell short of analyst estimates. This could potentially impact the company's stock negatively in the short term.
Stellar Bancorp's earnings and sales for Q2 have both missed analyst estimates. This underperformance could lead to a decrease in investor confidence, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100