Amerant Bancorp Q2 2024 Adj EPS $0.28 Misses $0.35 Estimate, Sales $98.747M Beat $93.646M Estimate
Portfolio Pulse from Benzinga Newsdesk
Amerant Bancorp (NYSE:AMTB) reported Q2 2024 earnings per share (EPS) of $0.28, missing the analyst estimate of $0.35 by 20%. However, the company beat sales estimates with $98.747 million, a 5.45% increase over the expected $93.646 million.
July 24, 2024 | 8:52 pm
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Amerant Bancorp's Q2 2024 EPS of $0.28 missed the analyst estimate of $0.35 by 20%, but sales of $98.747 million beat the estimate of $93.646 million by 5.45%.
The mixed results, with EPS missing estimates but sales beating expectations, are likely to have a neutral short-term impact on the stock price. Investors may weigh the earnings miss against the positive sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100