Primis Financial Q4 Adj. EPS $0.35 Beats $0.28 Estimate, Sales $39.24M Beat $27.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
Primis Financial Corp. (FRST) reported Q4 adjusted EPS of $0.35, surpassing the $0.28 estimate, marking a 191.67% increase from last year's $0.12. Sales reached $39.24M, exceeding the $27.05M estimate but showing a 3.27% decrease from the previous year's $40.56M.
January 26, 2024 | 6:48 am
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POSITIVE IMPACT
Primis Financial Corp. reported strong Q4 earnings, beating both EPS and sales estimates, with a significant increase in EPS compared to last year.
The positive earnings report, with a substantial beat on both the top and bottom lines, is likely to instill investor confidence and could lead to a short-term uptick in FRST's stock price. The significant year-over-year growth in EPS is particularly encouraging, despite a slight decrease in sales compared to last year.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100