Eagle Bancorp Montana Q2 EPS $0.22 Misses $0.29 Estimate, Sales $15.63M Beat $15.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eagle Bancorp Montana (NASDAQ:EBMT) reported Q2 earnings per share (EPS) of $0.22, missing the analyst estimate of $0.29 by 24.14%. However, the company reported sales of $15.63 million, beating the estimate of $15.33 million by 1.97%.
July 23, 2024 | 2:08 pm
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Eagle Bancorp Montana reported Q2 EPS of $0.22, missing the $0.29 estimate, but sales of $15.63M beat the $15.33M estimate. EPS miss may negatively impact stock price in the short term.
The significant miss on EPS is likely to overshadow the slight beat on sales, leading to a negative short-term impact on the stock price. Investors often react more strongly to earnings misses than to sales beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100