Evans Bancorp Q3 2024 GAAP EPS $0.53 Beats $0.40 Estimate, Sales $18.04M Beat $16.68M Estimate
Portfolio Pulse from Benzinga Newsdesk
Evans Bancorp reported Q3 2024 earnings per share of $0.53, surpassing the analyst estimate of $0.40, despite a year-over-year decrease. Sales were $18.04M, also beating expectations but down from last year.
October 31, 2024 | 8:47 pm
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Evans Bancorp's Q3 2024 earnings per share of $0.53 exceeded analyst expectations of $0.40, despite a decrease from last year's $0.66. Sales also surpassed estimates at $18.04M, though down from $19.81M last year.
The positive earnings surprise, with EPS and sales both beating estimates, is likely to have a short-term positive impact on the stock price. However, the year-over-year decline in both metrics may temper the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100