Civista Bancshares Q2 2024 GAAP EPS $0.45 Beats $0.39 Estimate, Sales $38.294M Beat $37.068M Estimate
Portfolio Pulse from Benzinga Newsdesk
Civista Bancshares (NASDAQ:CIVB) reported Q2 2024 earnings per share (EPS) of $0.45, beating the analyst estimate of $0.39. Sales were $38.294 million, also surpassing the $37.068 million estimate. However, both EPS and sales were down compared to the same period last year.
July 29, 2024 | 11:43 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Civista Bancshares reported Q2 2024 EPS of $0.45, beating the $0.39 estimate, and sales of $38.294 million, surpassing the $37.068 million estimate. Despite the beats, both EPS and sales were down compared to the same period last year.
Civista Bancshares' earnings and sales both beat analyst estimates, which is a positive short-term indicator for the stock. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100