On Tuesday, October 20, Mercantile Bank MBWM will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.
Earnings and Revenue
Analysts predict Mercantile Bank will report earnings of $0.42 per share on revenue of $39.41 million. Mercantile Bank EPS in the same period a year ago totaled $0.77. Revenue was $38.28 million. The Wall Street consensus estimate for earnings would represent a 45.45% decrease for the company. Sales would be up 2.95% on a year-over-year basis. Here is how the company's reported EPS has compared to analyst estimates in the past:
|Quarter||Q2 2020||Q1 2020||Q4 2020||Q3 2019|
|Revenue Estimate||36.61 M||36.27 M||36.34 M||36.45 M|
|Revenue Actual||41.55 M||36.87 M||38.48 M||38.28 M|
Over the past 52-week period, shares of Mercantile Bank have declined 39.34%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Mercantile Bank is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://www.webcaster4.com/Webcast/Page/1031/35614
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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