Peoples Bancorp Q1 2024 GAAP EPS $0.84 Beats $0.80 Estimate, Sales $113.161M Beat $109.737M Estimate
Portfolio Pulse from Benzinga Newsdesk
Peoples Bancorp (NASDAQ:PEBO) reported Q1 2024 earnings of $0.84 per share, surpassing the $0.80 estimate, and sales of $113.161M, exceeding the $109.737M forecast. This represents a 12.5% decrease in EPS from the previous year but a 19.72% increase in sales.
April 23, 2024 | 10:20 am
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Peoples Bancorp reported a Q1 2024 EPS of $0.84, beating estimates, with sales of $113.161M also surpassing expectations. Despite a decrease in EPS from last year, sales showed significant growth.
The positive earnings and sales beat indicate strong financial performance, likely leading to a positive short-term impact on PEBO's stock price. The decrease in EPS year-over-year might temper some enthusiasm, but the significant sales growth suggests underlying strength in the company's operations, which could bolster investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100