Recap: Business First Bancshares Q4 Earnings
Portfolio Pulse from Benzinga Insights
Business First Bancshares (NASDAQ:BFST) reported Q4 earnings with an EPS of $0.66, beating estimates by 10.0% but with a revenue decline of $4.17 million year-over-year. In the past, a positive EPS surprise led to a share price increase the following day.
January 23, 2024 | 9:10 pm
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Business First Bancshares reported a positive earnings surprise with an EPS of $0.66 against an estimate of $0.6, but experienced a revenue decline from the previous year.
The positive earnings surprise of 10% is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price, similar to the 2.91% rise after last quarter's earnings beat. However, the decline in revenue may temper some of the positive sentiment.
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