Meridian Bank (MRBK) Q2 Earnings Lag Estimates

Meridian Bank, which belongs to the Zacks Banks - Northeast industry, posted revenues of $26.09 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.03%. This compares to year-ago revenues of $26.22 million. The company has topped consensus revenue estimates three times over the last four quarters. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely ...