Red River Bancshares Q2 EPS $1.16 Beats $1.10 Estimate
Portfolio Pulse from Benzinga Newsdesk
Red River Bancshares (NASDAQ:RRBI) reported Q2 earnings per share (EPS) of $1.16, beating the analyst consensus estimate of $1.10 by 5.45%. However, this represents a 7.2% decrease from the $1.25 EPS reported in the same period last year.
July 26, 2024 | 12:33 pm
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Red River Bancshares reported Q2 EPS of $1.16, surpassing the analyst estimate of $1.10 by 5.45%. Despite this beat, the EPS is down 7.2% compared to the same period last year.
The positive earnings surprise is likely to have a short-term positive impact on the stock price. However, the year-over-year decline in EPS may temper investor enthusiasm.
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