Sterling Bancorp Q2 2024 GAAP EPS $0.03 Misses $0.04 Estimate, Sales $14.807M Miss $15.090M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sterling Bancorp (NASDAQ:SBT) reported Q2 2024 earnings of $0.03 per share, missing the analyst estimate of $0.04. Sales were $14.807 million, also below the $15.090 million estimate. Both earnings and sales showed significant declines compared to the same period last year.
July 24, 2024 | 11:34 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Sterling Bancorp's Q2 2024 earnings and sales both missed analyst estimates, with earnings per share at $0.03 versus the expected $0.04 and sales at $14.807 million versus the expected $15.090 million. Both metrics also showed significant year-over-year declines.
The earnings and sales misses, along with significant year-over-year declines, are likely to negatively impact Sterling Bancorp's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100