Glacier Bancorp Q2 2024 GAAP EPS $0.39 Beats $0.37 Estimate, Sales $166.478M Miss $179.901M Estimate
Portfolio Pulse from Benzinga Newsdesk
Glacier Bancorp (NYSE:GBCI) reported Q2 2024 earnings per share (EPS) of $0.39, beating the analyst estimate of $0.37. However, sales of $166.478 million missed the $179.901 million estimate. EPS decreased by 22% year-over-year, and sales decreased by 3.20% year-over-year.
July 18, 2024 | 8:32 pm
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Glacier Bancorp reported Q2 2024 EPS of $0.39, beating estimates but with sales missing expectations. EPS decreased by 22% year-over-year, and sales decreased by 3.20% year-over-year.
While the EPS beat estimates, the significant year-over-year decrease in EPS and the miss on sales expectations could create mixed reactions in the market. Investors may be concerned about the declining earnings and sales figures, leading to a neutral short-term impact on the stock price.
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