A Look Ahead: Mercantile Bank's Earnings Forecast

Mercantile Bank (NASDAQ:MBWM) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-15. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Mercantile Bank will report an earnings per share (EPS) of $1.17.

Anticipation surrounds Mercantile Bank's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Earnings Track Record

In the previous earnings release, the company beat EPS by $0.02, leading to a 0.16% increase in the share price the following trading session.

Here's a look at Mercantile Bank's past performance and the resulting price change:

Quarter	Q2 2024	Q1 2024	Q4 2023	Q3 2023
EPS Estimate	1.15	1.14	1.24	1.16
EPS Actual	1.17	1.34	1.25	1.30
Price Change %	0.0%	-2.0%	2.0%	-2.0%

Tracking Mercantile Bank's Stock Performance

Shares of Mercantile Bank were trading at $43.91 as of October 11. Over the last 52-week period, shares are up 31.24%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Mercantile Bank visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.