Shore Bancshares Q3 EPS $0.34 Misses $0.35 Estimate, Sales $43.34M Beat $42.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shore Bancshares reported Q3 earnings per share of $0.34, missing the $0.35 estimate, but sales of $43.34M beat the $42.66M estimate. EPS increased 240% year-over-year, while sales decreased by 5.16%.
October 24, 2024 | 8:32 pm
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Shore Bancshares' Q3 EPS of $0.34 missed the $0.35 estimate, but sales of $43.34M exceeded expectations. EPS saw a significant 240% increase YoY, though sales declined by 5.16%.
The earnings per share missed the consensus estimate slightly, which could be seen as a negative. However, the significant year-over-year increase in EPS and the sales beat provide positive aspects. The mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100