QCR Hldgs Q2 2024 Adj EPS $1.73 Beats $1.41 Estimate, Sales $56.163M Miss $65.249M Estimate
Portfolio Pulse from Benzinga Newsdesk
QCR Holdings (NASDAQ:QCRH) reported Q2 2024 adjusted EPS of $1.73, beating the $1.41 estimate by 22.7%. However, sales of $56.163M missed the $65.249M estimate by 13.93%. EPS increased by 2.37% YoY, while sales grew by 5.56% YoY.
July 24, 2024 | 8:37 pm
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QCR Holdings reported mixed Q2 2024 results with EPS beating estimates significantly, but sales missing expectations. EPS grew by 2.37% YoY, while sales increased by 5.56% YoY.
The significant EPS beat is a positive indicator, but the sales miss tempers the overall impact. Investors may have mixed reactions, leading to a neutral short-term price movement.
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IMPORTANCE 80
RELEVANCE 100