Investar Holding Q3 EPS $0.33, Inline, Sales $19.11M Miss $20.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Investar Holding reported Q3 earnings of $0.33 per share, in line with analyst estimates. However, the company's quarterly sales of $19.11 million missed the consensus estimate of $20.11 million by 4.99%. This represents a 53.52% decrease in earnings and a 26.89% decrease in sales compared to the same period last year.
October 20, 2023 | 7:17 am
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NEGATIVE IMPACT
Investar Holding's Q3 earnings met expectations but sales fell short of estimates. This could potentially impact the company's stock negatively in the short term.
Investar Holding's earnings were in line with estimates, which is generally a positive signal. However, the company's sales missed estimates, which is typically viewed negatively by investors. Additionally, the significant YoY decreases in both earnings and sales could further dampen investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100