Q3 EPS of 38 Cents Misses 55-Cent Consensus Despite 7% Revenue Growth
EBMT sits 36% above its 52-week low of $15.8.
Summary
Eagle Bancorp Montana earned 38 cents a share in the September quarter, well short of the 55-cent consensus and down from 46 cents a year earlier. That is the second straight miss after June's 47 cents against a 50-cent estimate, and the gap is wide relative to the bank's size. Revenue rose 7% to $19.99 million, topping the $19.55 million analysts expected, so the shortfall came from margins or costs rather than the top line. Net income was $3.01 million, below the $3.7 million booked in Q2. All three covering analysts rate the stock a hold with a $23 median target.
At the time of this announcement, EBMT was trading at $21.47 on NASDAQ in the Finance sector, with a market capitalization of approximately $170M. The 52-week trading range was $15.80 to $24.66. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.