Orange County Bancorp Q2 2024 Adj EPS $1.46 Beats $1.34 Estimate, Sales $36.30M Beat $25.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orange County Bancorp (NASDAQ:OBT) reported Q2 2024 adjusted EPS of $1.46, beating the estimate of $1.34. Sales were $36.30M, surpassing the $25.40M estimate and showing a 40.22% increase from last year's $25.89M.
July 31, 2024 | 8:34 pm
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Orange County Bancorp reported strong Q2 2024 earnings with an EPS of $1.46, beating estimates by 8.96%. Sales also exceeded expectations by 42.91%, showing significant growth from the previous year.
The strong earnings and sales performance, significantly beating analyst estimates, is likely to positively impact OBT's stock price in the short term. The substantial year-over-year growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100