Nicolet Bankshares Q2 2024 GAAP EPS $1.92 Beats $1.66 Estimate, Sales $65.342 Miss $62.327M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nicolet Bankshares (NYSE:NIC) reported Q2 2024 GAAP EPS of $1.92, beating the estimate of $1.66. However, sales of $65.342 million missed the estimate of $62.327 million.
July 16, 2024 | 8:07 pm
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Nicolet Bankshares reported Q2 2024 GAAP EPS of $1.92, beating the estimate of $1.66. However, sales of $65.342 million missed the estimate of $62.327 million.
The positive earnings surprise is likely to have a more significant impact on the stock price than the sales miss. Beating EPS estimates by a substantial margin often boosts investor confidence and can lead to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100