Equity Bancshares Q2 2024 GAAP EPS $0.76 Misses $0.92 Estimate, Sales $55.434M Beat $55.151M Estimate
Portfolio Pulse from Benzinga Newsdesk
Equity Bancshares (NYSE:EQBK) reported Q2 2024 earnings per share (EPS) of $0.76, missing the analyst consensus estimate of $0.92 by 17.39%. However, the company reported quarterly sales of $55.434 million, beating the estimate of $55.151 million by 0.51%.
July 16, 2024 | 8:47 pm
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NEGATIVE IMPACT
Equity Bancshares reported Q2 2024 EPS of $0.76, missing the $0.92 estimate, but sales of $55.434M beat the $55.151M estimate. EPS miss may negatively impact stock price, while sales beat provides some positive sentiment.
The significant EPS miss is likely to weigh on investor sentiment and could lead to a short-term decline in the stock price. However, the sales beat provides a positive aspect, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100