Eagle Bancorp Q2 2024 Adj EPS $0.67 Beats $0.42 Estimate, Sales $71.353M Miss $75.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eagle Bancorp (NASDAQ:EGBN) reported Q2 2024 adjusted EPS of $0.67, beating the analyst estimate of $0.42 by 59.52%. However, sales of $71.353 million missed the $75.000 million estimate by 4.86%, representing a 0.64% decrease from the same period last year.
July 24, 2024 | 8:36 pm
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Eagle Bancorp's Q2 2024 earnings per share (EPS) significantly beat analyst expectations, but the company's sales fell short of estimates and decreased slightly year-over-year.
The significant beat on EPS is a positive indicator for the stock, suggesting better-than-expected profitability. However, the miss on sales and slight year-over-year decline may temper investor enthusiasm. Overall, the positive EPS surprise is likely to have a stronger short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100