Texas Capital Bancshares Q2 EPS $0.80 Misses $0.84 Estimate, Sales $267.01M Miss $267.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
Texas Capital Bancshares (NASDAQ: TCBI) reported Q2 earnings of $0.80 per share, missing the analyst estimate of $0.84. Sales were $267.01 million, slightly below the $267.24 million estimate. Both earnings and sales showed a decline compared to the same period last year.
July 18, 2024 | 10:02 am
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Texas Capital Bancshares reported Q2 earnings of $0.80 per share, missing the analyst estimate of $0.84. Sales were $267.01 million, slightly below the $267.24 million estimate. Both earnings and sales showed a decline compared to the same period last year.
The earnings per share (EPS) and sales figures both missed analyst estimates, which is likely to negatively impact the stock price in the short term. Additionally, the year-over-year decline in both earnings and sales further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100