MidWestOne Financial Gr Q2 2024 Adj EPS $0.50 Beats $0.49 Estimate, Sales $36.347M Miss $37.534M Estimate
Portfolio Pulse from Benzinga Newsdesk
MidWestOne Financial Group (NASDAQ: MOFG) reported Q2 2024 adjusted EPS of $0.50, beating the estimate of $0.49. However, sales were $36.347M, missing the $37.534M estimate and showing a 1.66% decrease from the same period last year.
July 25, 2024 | 9:07 pm
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MidWestOne Financial Group reported Q2 2024 EPS of $0.50, beating the estimate of $0.49. However, sales were $36.347M, missing the $37.534M estimate and showing a 1.66% decrease from the same period last year.
The EPS beat is a positive sign, but the sales miss and year-over-year decline in sales could offset the positive sentiment. This mixed result is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100