Merchants Bancorp Q2 Adj $1.49 Misses $1.57 Estimate, Sales $159.47M Miss $160.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Merchants Bancorp (NASDAQ:MBIN) reported Q2 earnings of $1.49 per share, missing the analyst estimate of $1.57. Sales were $159.47M, slightly below the $160.70M estimate. Despite missing estimates, both earnings and sales showed significant year-over-year growth.
July 29, 2024 | 8:36 pm
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Merchants Bancorp reported Q2 earnings of $1.49 per share, missing the analyst estimate of $1.57. Sales were $159.47M, slightly below the $160.70M estimate. Despite missing estimates, both earnings and sales showed significant year-over-year growth.
The earnings and sales figures missed analyst estimates, which is likely to have a negative short-term impact on the stock price. However, the significant year-over-year growth in both earnings and sales may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100