Evans Bancorp Q2 2024 GAAP EPS $0.53 Beats $0.38 Estimate, Sales $16.720M Beat $16.149M Estimate
Portfolio Pulse from Benzinga Newsdesk
Evans Bancorp (AMEX:EVBN) reported Q2 2024 earnings per share (EPS) of $0.53, beating the analyst estimate of $0.38 by 39.47%. Sales were $16.720 million, surpassing the $16.149 million estimate. However, both EPS and sales decreased compared to the same period last year.
July 30, 2024 | 9:10 pm
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Evans Bancorp reported Q2 2024 EPS of $0.53, beating the $0.38 estimate by 39.47%. Sales were $16.720 million, exceeding the $16.149 million estimate. Despite the beats, both EPS and sales decreased compared to the same period last year.
The positive earnings and sales beats are likely to have a short-term positive impact on the stock price. However, the year-over-year declines in both EPS and sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100