First Bancorp Q2 EPS $0.71 Misses $0.75 Estimate
Portfolio Pulse from Benzinga Newsdesk
First Bancorp reported Q2 earnings of $0.71 per share, missing the analyst consensus estimate of $0.75 by 5.33 percent. This represents a 31.07 percent decrease from the same period last year.
July 26, 2023 | 8:59 pm
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NEGATIVE IMPACT
First Bancorp's Q2 earnings missed the analyst consensus estimate by 5.33 percent, a 31.07 percent decrease YoY.
First Bancorp's earnings miss could negatively impact investor sentiment, potentially leading to a decrease in the stock price in the short term. The significant YoY decrease in earnings further exacerbates this potential impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100