First of Long Island Q4 EPS $0.27 Beats $0.25 Estimate
Portfolio Pulse from Benzinga Newsdesk
First of Long Island (NASDAQ:FLIC) reported Q4 earnings of $0.27 per share, surpassing the consensus estimate of $0.25 by 8%. However, this represents a 38.64% decrease from the $0.44 per share earned in the same quarter last year.
January 25, 2024 | 10:01 pm
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NEUTRAL IMPACT
First of Long Island reported higher-than-expected Q4 earnings but experienced a significant year-over-year decline.
While the earnings beat may provide a short-term positive sentiment, the substantial year-over-year decline could raise concerns about the company's growth and profitability, potentially leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100