Colony Bankcorp Q3 2024 Adj. EPS $0.35 Beats $0.33 Estimate, Sales $28.623M Miss $28.700M Estimate
Portfolio Pulse from Benzinga Newsdesk
Colony Bankcorp reported Q3 2024 earnings per share of $0.35, surpassing the analyst estimate of $0.33. However, their sales of $28.623 million fell short of the $28.700 million estimate, marking a 2.44% decrease from the previous year.
October 23, 2024 | 8:33 pm
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Colony Bankcorp's Q3 2024 EPS of $0.35 beat expectations, but sales of $28.623M missed estimates and decreased 2.44% YoY. This mixed result may lead to short-term stock price volatility.
The earnings beat is a positive indicator, but the sales miss and year-over-year decline could offset this, leading to mixed investor sentiment and potential short-term volatility in CBAN's stock price.
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IMPORTANCE 70
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