Banner Q2 Adj EPS $1.17 Beats $1.13 Estimate, Sales $149.75M Beat $133.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
Banner (NASDAQ:BANR) reported Q2 earnings per share of $1.17, beating the analyst estimate of $1.13. Sales were $149.75 million, surpassing the $133.72 million estimate. However, both EPS and sales showed a decline compared to the same period last year.
July 17, 2024 | 8:09 pm
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Banner (NASDAQ:BANR) reported Q2 earnings per share of $1.17, beating the analyst estimate of $1.13. Sales were $149.75 million, surpassing the $133.72 million estimate. However, both EPS and sales showed a decline compared to the same period last year.
Banner's Q2 earnings and sales both beat analyst estimates, which is a positive indicator for the stock in the short term. However, the year-over-year decline in both EPS and sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100