Middlefield Banc Q4 EPS $0.44 Misses $0.50 Estimate, Sales $16.98M Miss $17.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Middlefield Banc (NASDAQ:MBCN) reported Q4 earnings of $0.44 per share, missing the consensus estimate of $0.50, and a 44.3% decrease from last year's $0.79. Sales were $16.98M, missing the $17.55M estimate but up 2.92% from the previous year.
January 26, 2024 | 12:38 pm
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NEGATIVE IMPACT
Middlefield Banc's Q4 earnings and sales missed estimates, with a significant decrease in earnings per share compared to last year.
Missing both earnings and sales estimates is typically seen as a negative signal by the market, likely leading to a short-term negative impact on MBCN's stock price. The significant year-over-year decrease in earnings per share reinforces the bearish outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100