Mid Penn Bancorp Q4 Adj. EPS $0.73 Beats $0.59 Estimate, Sales $42.12M Miss $42.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mid Penn Bancorp (NASDAQ:MPB) reported Q4 adjusted EPS of $0.73, surpassing the $0.59 estimate, but experienced a 26.26% decrease from the previous year's $0.99. Sales reached $42.12M, falling short of the $42.51M estimate and marking a 7.01% decline from the prior year's $45.29M.
January 26, 2024 | 11:17 am
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Mid Penn Bancorp's Q4 earnings beat estimates with an EPS of $0.73, but sales missed expectations at $42.12M, indicating mixed financial performance.
The EPS beat may provide a positive sentiment, but the sales miss and year-over-year declines in both EPS and sales could temper investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100