Guaranty Bancshares Q1 EPS $0.58 Beats $0.51 Estimate, Sales $28.84M Beat $28.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
Guaranty Bancshares (NYSE:GNTY) reported Q1 earnings of $0.58 per share, surpassing the $0.51 estimate, and sales of $28.84M, exceeding the $28.24M estimate. However, this represents a decrease from the previous year's earnings and sales.
April 15, 2024 | 11:04 am
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Guaranty Bancshares reported higher-than-expected Q1 earnings and sales, but both metrics show a decrease from the previous year.
The positive earnings and sales beat could lead to a short-term positive sentiment among investors, despite the year-over-year decline. The decline might temper expectations for future growth, but the immediate reaction to beating estimates is generally positive.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100