MainStreet Bancshares Q4 EPS $0.61 Vs $0.95 Last Year, Sales $17.87M Miss $19.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
MainStreet Bancshares (MNSB) reported a significant decrease in Q4 earnings and sales compared to last year. Earnings per share dropped by 35.79% to $0.61 from $0.95, and sales fell by 17.49% to $17.87M, missing the $19.70M estimate.
January 22, 2024 | 1:05 pm
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MainStreet Bancshares reported lower Q4 earnings and sales, with EPS decreasing to $0.61 from $0.95 and sales missing estimates by 9.30%, indicating potential negative market reaction.
The reported decrease in both earnings and sales is significant and below analyst expectations, which typically leads to a negative short-term reaction in the stock market as investors adjust to the new information.
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RELEVANCE 100