Republic Bancorp Q2 EPS $1.30 Misses $1.33 Estimate
Portfolio Pulse from Benzinga Newsdesk
Republic Bancorp (NASDAQ:RBCAA) reported Q2 earnings of $1.30 per share, missing the analyst consensus estimate of $1.33 by 2.26%. Despite the miss, this represents a 21.5% increase over the same period last year.
July 19, 2024 | 12:01 pm
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Republic Bancorp reported Q2 earnings of $1.30 per share, missing the analyst estimate of $1.33. Despite the miss, earnings increased by 21.5% YoY.
The earnings miss is likely to have a negative short-term impact on the stock price, despite the significant year-over-year increase in earnings. Investors often react negatively to earnings misses.
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IMPORTANCE 80
RELEVANCE 100