Farmers & Merchants Q2 2024 Adj EPS $0.42 Beats $0.36 Estimate, Sales $44.83M Beat $20.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Farmers & Merchants (NASDAQ:FMAO) reported Q2 2024 adjusted EPS of $0.42, beating the estimate of $0.36 by 16.67%. Sales were $44.83M, surpassing the $20.48M estimate by 118.95% and showing an 83.80% increase from the same period last year.
August 01, 2024 | 9:00 pm
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POSITIVE IMPACT
Farmers & Merchants reported strong Q2 2024 earnings with EPS of $0.42 beating estimates by 16.67% and sales of $44.83M exceeding expectations by 118.95%. This significant outperformance is likely to positively impact the stock price in the short term.
The company's strong financial performance, with both EPS and sales significantly beating analyst estimates, indicates robust business growth. This is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100