Mid Penn Bancorp Q3 EPS $0.57 Misses $0.62 Estimate, Sales $42.83M Beat $42.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mid Penn Bancorp reported Q3 earnings of $0.57 per share, missing the analyst consensus estimate of $0.62 by 8.06%. This is a 41.24% decrease from the same period last year. However, the company's quarterly sales of $42.83 million beat the analyst consensus estimate of $42.11 million by 1.70%, despite a 5.61% decrease from last year.
October 25, 2023 | 8:06 pm
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NEGATIVE IMPACT
Mid Penn Bancorp's Q3 earnings missed estimates, which could negatively impact the stock price. However, the sales beat could offset some of this impact.
Earnings reports are a key indicator of a company's financial health. A miss on earnings estimates can lead to a decrease in stock price. However, the fact that Mid Penn Bancorp beat sales estimates could mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100