Mercantile Bank Q4 EPS $1.25 Beats $1.24 Estimate, Revenue $57.00M Beat $56.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mercantile Bank reported Q4 earnings per share (EPS) of $1.25, surpassing the estimated $1.24. Revenue for the quarter was $57.00M, also beating the forecast of $56.11M.
January 16, 2024 | 10:04 am
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Mercantile Bank's Q4 EPS of $1.25 exceeded the $1.24 estimate, and its revenue of $57.00M surpassed the expected $56.11M.
Beating both EPS and revenue estimates typically generates a positive reaction in the stock market as it indicates the company is performing better than expected. This can lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100