Metropolitan Bank Holding Q2 2024 GAAP EPS $1.50 Misses $1.51 Estimate, Sales $67.678M Miss $67.891M Estimate
Portfolio Pulse from Benzinga Newsdesk
Metropolitan Bank Holding (NYSE:MCB) reported Q2 2024 earnings per share (EPS) of $1.50, missing the analyst consensus estimate of $1.51 by 0.66%. The company also reported sales of $67.678 million, which missed the estimate of $67.891 million by 0.31%. Despite the misses, both EPS and sales showed significant year-over-year growth.
July 18, 2024 | 8:37 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Metropolitan Bank Holding reported Q2 2024 EPS of $1.50, missing the consensus estimate by $0.01. Sales also missed estimates by $0.213 million. Despite these misses, both EPS and sales showed strong year-over-year growth.
The slight misses in both EPS and sales estimates are likely to have a neutral short-term impact on MCB's stock price. However, the strong year-over-year growth in both metrics may provide some support to the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100