Recap: Northeast Bank Q2 Earnings
Portfolio Pulse from Benzinga Insights
Northeast Bank (NASDAQ:NBN) reported Q2 earnings with an EPS of $1.85, beating estimates by 7.56% and surpassing last year's revenue by $8.41 million. The company has a history of beating EPS estimates, which previously led to a 7.1% stock price increase the following day.
January 30, 2024 | 9:20 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Northeast Bank reported a positive Q2 earnings surprise with an EPS of $1.85 against the $1.72 estimate and increased revenue compared to last year.
Given Northeast Bank's history of stock price increase following an earnings beat, and the current report exceeding estimates, it is likely that the stock price will experience a short-term positive impact. The relevance and importance are high as earnings reports are critical for investor decisions, and confidence is strong due to the clear beat and past performance correlation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100