FB Financial Q3 EPS $0.71 Beats $0.69 Estimate, Sales $108.97M Miss $122.89M Estimate
Portfolio Pulse from Happy Mohamed
FB Financial (NYSE:FBK) reported Q3 earnings of $0.71 per share, beating the analyst consensus estimate of $0.69 by 2.9%. However, the company's quarterly sales of $108.97 million missed the analyst consensus estimate of $122.89 million by 11.33%. This represents a 4.41% increase in earnings but an 18.67% decrease in sales compared to the same period last year.
October 16, 2023 | 8:19 pm
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FB Financial's Q3 earnings beat estimates but sales missed estimates. This could lead to mixed reactions in the market.
FB Financial's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. The mixed results could lead to uncertainty in the market, potentially causing the stock price to remain stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100