First Bank Q2 EPS $0.36 Beats $0.25 Estimate, Sales $23.26M Miss $24.27M Estimate
Portfolio Pulse from mahesh@benzinga.com
First Bank (NASDAQ:FRBA) reported Q2 earnings of $0.36 per share, beating the analyst consensus estimate of $0.25 by 44%. However, this is a 20% decrease from the same period last year. The company's quarterly sales of $23.26 million missed the analyst consensus estimate of $24.27 million by 4.18%, marking a 4.58% decrease from the same period last year.
July 26, 2023 | 9:02 pm
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NEUTRAL IMPACT
First Bank's Q2 earnings beat estimates but sales missed. This mixed result could lead to uncertainty in the market.
First Bank's earnings beat estimates, which is a positive signal. However, the miss on sales and the decrease in both earnings and sales compared to the same period last year could cause concern among investors, leading to potential volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100