First Business Finl Servs Q3 EPS $1.17 Misses $1.18 Estimate, Sales $37.03M Beat $36.40M Estimate
Portfolio Pulse from Happy Mohamed
First Business Financial Services (NASDAQ:FBIZ) reported Q3 earnings of $1.17 per share, missing the analyst consensus estimate of $1.18 by 0.85 percent. This is a 6.4 percent decrease from the same period last year. However, the company beat sales estimates with $37.03 million, a 1.72 percent increase over the estimate and an 8.64 percent increase from last year.
October 26, 2023 | 9:04 pm
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NEUTRAL IMPACT
FBIZ's Q3 earnings missed estimates but sales beat expectations. This mixed result could lead to uncertain short-term price movements.
FBIZ's earnings miss could negatively impact the stock price, but the sales beat could offset this. The mixed results make the short-term price direction uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100