Middlefield Banc Q3 EPS $0.47 Misses $0.59 Estimate
Portfolio Pulse from Happy Mohamed
Middlefield Banc (NASDAQ:MBCN) reported Q3 earnings of $0.47 per share, missing the analyst consensus estimate of $0.59 by 20.34%. This represents a 35.62% decrease from the same period last year.
October 23, 2023 | 12:01 pm
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NEGATIVE IMPACT
Middlefield Banc's Q3 earnings missed the analyst consensus estimate by 20.34%, a significant decrease from the same period last year.
Middlefield Banc's earnings miss is likely to negatively impact the stock price in the short term. Investors often react to earnings misses by selling shares, which can drive down the stock price. The significant YoY decrease further exacerbates this effect.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100