Red River Bancshares Q2 EPS $1.25 Beats $1.14 Estimate
Portfolio Pulse from Happy Mohamed
Red River Bancshares (NASDAQ:RRBI) reported Q2 earnings of $1.25 per share, beating the analyst consensus estimate of $1.14 by 9.65%. However, this represents a 1.57% decrease from the same period last year.
July 28, 2023 | 12:36 pm
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Red River Bancshares reported better than expected Q2 earnings, but they are lower than the same period last year.
Red River Bancshares reported Q2 earnings that beat analyst estimates, which is generally positive for the stock. However, the fact that earnings are down compared to the same period last year could offset some of this positivity. Therefore, the short-term impact on the stock is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100