Investar Holding Q4 EPS $0.39 Beats $0.28 Estimate
Portfolio Pulse from Benzinga Newsdesk
Investar Holding (NASDAQ:ISTR) reported Q4 earnings of $0.39 per share, surpassing the consensus estimate of $0.28 by 39.29%. However, this represents a 37.1% decrease from the $0.62 per share earned in the same quarter last year.
January 25, 2024 | 10:06 pm
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Investar Holding reported higher-than-expected Q4 earnings at $0.39 per share, beating estimates by 39.29%, but earnings are down 37.1% from the previous year.
While the earnings beat may provide a short-term positive sentiment, the significant year-over-year decline could raise concerns about the company's growth and profitability, potentially offsetting the positive impact.
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