West Bancorp Q2 2024 GAAP EPS $0.31 Misses $0.32 Estimate, Sales $19.576M Beat $19.290M Estimate
Portfolio Pulse from Benzinga Newsdesk
West Bancorp (NASDAQ:WTBA) reported Q2 2024 earnings per share (EPS) of $0.31, missing the analyst estimate of $0.32 by 3.13%. However, the company beat sales estimates with $19.576 million, surpassing the expected $19.290 million. Both EPS and sales figures showed a decline compared to the same period last year.
July 25, 2024 | 11:18 am
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NEGATIVE IMPACT
West Bancorp's Q2 2024 EPS missed analyst estimates by 3.13%, coming in at $0.31. Sales, however, beat expectations at $19.576 million. Both EPS and sales figures declined year-over-year.
The miss on EPS, even though slight, combined with a year-over-year decline in both EPS and sales, is likely to have a negative short-term impact on the stock price. The beat on sales estimates may provide some cushion, but the overall sentiment is likely to be negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100