Midland States Bancorp Q2 2024 Adj EPS $0.20 Misses $0.70 Estimate, Sales $72.708M Miss $74.815M Estimate
Portfolio Pulse from Benzinga Newsdesk
Midland States Bancorp (NASDAQ:MSBI) reported Q2 2024 earnings of $0.20 per share, significantly missing the analyst estimate of $0.70. Sales were $72.708 million, also below the $74.815 million estimate. Both earnings and sales showed a decline compared to the same period last year.
July 25, 2024 | 8:59 pm
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Midland States Bancorp reported Q2 2024 earnings of $0.20 per share, missing the analyst estimate of $0.70 by 71.43%. Sales were $72.708 million, below the $74.815 million estimate. Both earnings and sales declined compared to the same period last year.
The significant miss on both earnings per share and sales compared to analyst estimates, along with the year-over-year decline, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100