Midland States Bancorp Q3 2024 Adj. EPS $0.74 Beats $0.64 Estimate, Sales $74.289M Beat $73.068M Estimate
Portfolio Pulse from Benzinga Newsdesk
Midland States Bancorp reported Q3 2024 earnings per share of $0.74, surpassing the analyst estimate of $0.64. Sales were $74.289 million, also beating the estimate of $73.068 million. Despite beating estimates, both earnings and sales decreased compared to the same period last year.
October 24, 2024 | 8:43 pm
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Midland States Bancorp's Q3 2024 earnings and sales exceeded analyst expectations, with EPS at $0.74 and sales at $74.289M. However, both figures declined compared to the previous year.
The company's earnings per share and sales figures both exceeded analyst expectations, which is typically a positive indicator for stock performance. However, the year-over-year decline in both earnings and sales may temper investor enthusiasm. Overall, the beat on estimates is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100