Merchants Bancorp Q3 2024 Adj. EPS $1.41 Misses $1.42 Estimate, Sales $149.563M Miss $159.700M Estimate
Portfolio Pulse from Benzinga Newsdesk
Merchants Bancorp reported Q3 2024 earnings per share of $1.41, slightly missing the analyst estimate of $1.42. Sales were $149.563 million, below the expected $159.700 million, marking a 2.57% decrease from the previous year.
October 28, 2024 | 8:12 pm
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NEGATIVE IMPACT
Merchants Bancorp's Q3 2024 earnings and sales both missed analyst estimates, with a slight EPS miss and a more significant sales shortfall. Sales also decreased compared to the previous year.
The earnings per share (EPS) and sales figures both missed analyst expectations, which is typically viewed negatively by investors. The sales miss was more significant, and there was also a year-over-year sales decline, which could further pressure the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100