First Bancshares's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
First Bancshares (NASDAQ:FBMS) is expected to release its quarterly earnings report on January 24, 2024. Analysts predict an EPS of $0.68. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, FBMS missed EPS estimates by $0.03, resulting in a 5.64% share price drop. Over the last year, FBMS shares have declined by 7.35%.
January 23, 2024 | 6:02 pm
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First Bancshares is anticipated to report quarterly earnings with an expected EPS of $0.68. Historical data shows that earnings misses have negatively impacted the stock price, with a 5.64% drop after last quarter's miss. Shares have decreased by 7.35% over the past year.
Given the historical sensitivity of FBMS's stock price to earnings performance, a miss in the upcoming report could likely lead to a short-term decline in the stock price. The previous quarter's miss and subsequent price drop, along with the overall negative trend over the past year, suggest that investors may have a bearish outlook if the company does not meet or exceed expectations.
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