MainStreet Bank Lags Q2 Earnings and Revenue Estimates
MainStreet Bank (NASDAQ: MNSB) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -15.63%. A quarter ago, it was expected that this company would post earnings of $0.52 per share when it actually produced earnings of $0.36, delivering a surprise of -30.77%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
MainStreet Bank, which belongs to the Zacks Banks – Northeast industry, posted revenues of $16.16 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.81%. This compares to year-ago revenues of $20.08 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
MainStreet Bank …
Full story available on Benzinga.com
