Business First Bancshares Q4 2023 Adj EPS $0.66 Beats $0.60 Estimate, Sales $62.68M Beat $62.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Business First Bancshares (NASDAQ:BFST) reported Q4 2023 adjusted earnings per share (EPS) of $0.66, surpassing the consensus estimate of $0.60 by 10%. Sales reached $62.68M, slightly above the $62.47M estimate, but marked a 2.58% decrease from the same period last year.
January 23, 2024 | 9:05 pm
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POSITIVE IMPACT
Business First Bancshares reported higher-than-expected Q4 2023 earnings and sales, with an EPS beat of 10% and a slight sales beat, despite a year-over-year decline in sales.
Beating both EPS and sales estimates is a positive signal to investors and could lead to a short-term increase in stock price. However, the year-over-year decline in sales might temper the positive impact slightly.
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