First Busey Q4 Adj EPS $0.52 Beats $0.49 Estimate, Sales $107.89M Beat $107.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Busey Corporation (NASDAQ:BUSE) reported Q4 adjusted EPS of $0.52, surpassing the consensus estimate of $0.49, and sales of $107.89M, slightly above the estimate of $107.87M. However, these figures represent a 20% decrease in earnings and a 10.26% decrease in sales compared to the same period last year.
January 23, 2024 | 10:03 pm
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POSITIVE IMPACT
First Busey's Q4 earnings and sales exceeded estimates, but showed a decline from the previous year's results.
Beating earnings and sales estimates is typically a positive signal for investors and can lead to a short-term increase in stock price. However, the year-over-year decline in both earnings and sales may temper investor enthusiasm, suggesting a mixed impact on the stock. The score reflects the positive beat, but the importance is not at the highest level due to the declines from the previous year.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100