Stock Yards Bancorp Q1 EPS $0.88 Beats $0.81 Estimate
Portfolio Pulse from Benzinga Newsdesk
Stock Yards Bancorp (NASDAQ:SYBT) reported Q1 earnings of $0.88 per share, surpassing the analyst consensus estimate of $0.81 by 8.64%. However, this represents an 11.11% decrease from the $0.99 per share reported in the same period last year.
April 24, 2024 | 11:37 am
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Stock Yards Bancorp reported higher-than-expected Q1 earnings at $0.88 per share, beating estimates by 8.64%, despite a year-over-year decrease of 11.11%.
The positive earnings surprise, beating analyst expectations by 8.64%, is likely to be viewed favorably by investors, potentially leading to a short-term increase in SYBT's stock price. However, the year-over-year decrease in earnings might temper some of the positive sentiment.
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