Peapack Gladstone Finl Q2 EPS $0.42 Beats $0.35 Estimate, Sales $56.60M Beat $54.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
Peapack Gladstone Finl (NASDAQ:PGC) reported Q2 earnings of $0.42 per share, beating the analyst estimate of $0.35. Sales were $56.60M, also surpassing the $54.36M estimate. However, both earnings and sales were down compared to the same period last year.
July 23, 2024 | 8:40 pm
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Peapack Gladstone Finl (NASDAQ:PGC) reported Q2 earnings of $0.42 per share, beating the analyst estimate of $0.35. Sales were $56.60M, also surpassing the $54.36M estimate. However, both earnings and sales were down compared to the same period last year.
The company beat both earnings and sales estimates, which is positive news and likely to boost the stock price in the short term. However, the year-over-year decline in both metrics may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100