MidWestOne Financial Gr Q2 Adj $0.48 Misses $0.71 Estimate, Sales $36.96M Miss $48.85M Estimate
Portfolio Pulse from Happy Mohamed
MidWestOne Financial Gr (NASDAQ:MOFG) reported Q2 earnings of $0.48 per share, missing the analyst consensus estimate of $0.71 by 32.39%. This is a 40% decrease from the same period last year. The company also reported quarterly sales of $36.96 million, missing the analyst consensus estimate of $48.85 million by 24.34%, a 6.96% decrease from the same period last year.
August 01, 2023 | 12:37 pm
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NEGATIVE IMPACT
MidWestOne Financial's Q2 earnings and sales missed estimates, with a significant YoY decrease. This could negatively impact the company's stock in the short term.
MidWestOne Financial's earnings and sales for Q2 significantly missed analyst estimates, and both figures are down from the same period last year. This underperformance could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100