Middlefield Banc Q2 2024 GAAP EPS $0.52 Beats $0.40 Estimate
Portfolio Pulse from Benzinga Newsdesk
Middlefield Banc (NASDAQ:MBCN) reported Q2 2024 GAAP EPS of $0.52, beating the analyst consensus estimate of $0.40 by 30%. However, this represents a 17.46% decrease from the $0.63 EPS reported in the same period last year.
July 18, 2024 | 9:03 pm
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Middlefield Banc reported Q2 2024 GAAP EPS of $0.52, surpassing the analyst estimate of $0.40 by 30%. Despite this, the EPS is down 17.46% compared to the same period last year.
The positive earnings surprise is likely to boost investor sentiment in the short term, despite the year-over-year decline in EPS. Beating analyst estimates by 30% is a strong indicator of performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100