First Bancshares Q4 Adj. EPS $0.59 Misses $0.68 Estimate, Sales $57.66M Miss $58.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Bancshares (NASDAQ:FBMS) reported Q4 adjusted EPS of $0.59, missing the consensus estimate of $0.68, and sales of $57.66M, below the expected $58.42M. This represents a 16.9% decrease in EPS and a 20.33% increase in sales year-over-year.
January 25, 2024 | 5:51 am
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First Bancshares reported lower-than-expected Q4 earnings and sales, with a significant decrease in EPS compared to last year.
Missing both earnings and sales estimates is likely to negatively impact investor sentiment in the short term, leading to a potential decrease in stock price. The significant year-over-year decrease in EPS is particularly concerning, as it may indicate underlying issues that could affect future performance.
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