German American Bancorp Q2 EPS $0.69 Beats $0.62 Estimate
Portfolio Pulse from Benzinga Newsdesk
German American Bancorp (NASDAQ:GABC) reported Q2 earnings per share of $0.69, beating the analyst consensus estimate of $0.62 by 11.29%. However, this represents an 8% decrease from the same period last year.
July 29, 2024 | 9:02 pm
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German American Bancorp reported Q2 EPS of $0.69, surpassing the analyst estimate of $0.62 by 11.29%. Despite this beat, the EPS is down 8% compared to the same period last year.
The positive earnings surprise is likely to have a short-term positive impact on GABC's stock price. However, the year-over-year decline in EPS may temper some of the enthusiasm.
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