Colony Bankcorp Q2 2024 Adj EPS $0.34 Beats $0.30 Estimate, Sales $27.906M Beat $27.800M Estimate
Portfolio Pulse from Benzinga Newsdesk
Colony Bankcorp (NASDAQ:CBAN) reported Q2 2024 adjusted EPS of $0.34, beating the $0.30 estimate. Sales were $27.906M, slightly above the $27.800M estimate. EPS increased by 3.03% YoY, while sales decreased by 0.81% YoY.
July 24, 2024 | 8:48 pm
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Colony Bankcorp reported Q2 2024 EPS of $0.34, beating estimates by 13.33%. Sales were $27.906M, slightly above the $27.800M estimate. EPS increased by 3.03% YoY, while sales decreased by 0.81% YoY.
The positive earnings surprise and slight beat on sales estimates are likely to have a positive short-term impact on CBAN's stock price. The YoY increase in EPS further supports a positive outlook, despite the slight YoY decrease in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100