First Western Financial: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
First Western Financial (NASDAQ:MYFW) reported Q4 earnings with an EPS of $0.03, significantly missing the estimate of $0.32 by 90.62%. Revenue also declined by $5.99 million compared to the same period last year. The company has a history of missing EPS estimates, which previously led to an 8.45% share price drop the following day.
January 25, 2024 | 9:30 pm
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First Western Financial's Q4 earnings were disappointing, missing EPS estimates by a wide margin and showing a significant year-over-year revenue decline.
Given the substantial miss in both EPS and revenue, and considering the historical price drop following past earnings misses, it is likely that MYFW's stock price will experience a short-term decline. The magnitude of the miss and the pattern of past performance suggest a negative investor reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100