Seacoast Banking Q2 2024 Adj EPS $0.36 Beats $0.34 Estimate, Sales $126.608M Beat $126.226M Estimate
Portfolio Pulse from Benzinga Newsdesk
Seacoast Banking (NASDAQ:SBCF) reported Q2 2024 adjusted EPS of $0.36, beating the $0.34 estimate. Sales were $126.608M, slightly above the $126.226M estimate. However, both EPS and sales decreased compared to the same period last year.
July 25, 2024 | 9:26 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Seacoast Banking reported Q2 2024 EPS of $0.36, beating the $0.34 estimate. Sales were $126.608M, slightly above the $126.226M estimate. However, both EPS and sales decreased compared to the same period last year.
While Seacoast Banking beat analyst estimates for both EPS and sales, the year-over-year decline in both metrics may temper investor enthusiasm. The short-term impact on the stock price is likely to be neutral as the positive earnings surprise is offset by the negative year-over-year performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100