Civista Bancshares Q2 EPS $0.64 Misses $0.72 Estimate, Sales $43.30M Beat $42.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Civista Bancshares (NASDAQ:CIVB) reported Q2 earnings of $0.64 per share, missing the analyst consensus estimate of $0.72 by 11.11%. However, the company's quarterly sales of $43.30 million beat the estimate of $42.75 million by 1.29%. This represents a 20.75% increase in earnings and a 44.80% increase in sales compared to the same period last year.
July 28, 2023 | 12:32 pm
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NEUTRAL IMPACT
Civista Bancshares' Q2 earnings per share missed estimates by 11.11%, but sales beat estimates by 1.29%. This mixed result could lead to uncertainty in the market.
Civista Bancshares' earnings miss could negatively impact the stock as it indicates lower profitability than expected. However, the sales beat could offset this as it shows stronger revenue generation. The net impact is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100