S&T Bancorp Q2 EPS $0.89 Beats $0.74 Estimate, Sales $96.90M Beat $96.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
S&T Bancorp (NASDAQ:STBA) reported Q2 earnings per share of $0.89, beating the analyst estimate of $0.74. Quarterly sales were $96.90 million, slightly above the $96.32 million estimate but down 5.29% from the same period last year.
July 18, 2024 | 11:35 am
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S&T Bancorp reported Q2 EPS of $0.89, beating the $0.74 estimate. Sales were $96.90M, slightly above the $96.32M estimate but down 5.29% YoY.
The earnings per share (EPS) beat by a significant margin (20.27%), which is a positive indicator for the stock. However, the slight beat in sales and the year-over-year decline in revenue may temper the enthusiasm. Overall, the positive EPS surprise is likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100