Middlefield Banc: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Middlefield Banc (NASDAQ:MBCN) reported Q4 earnings with an EPS of $0.44, missing estimates by 12.0% against the expected $0.5. Revenue increased by $482 thousand compared to the same period last year. The company's share price dropped by 0.9% the day after missing EPS estimates last quarter.
January 26, 2024 | 12:40 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Middlefield Banc reported lower-than-expected Q4 earnings with an EPS of $0.44, missing the estimate by 12%. Revenue showed an increase from the previous year.
Historically, stocks tend to react negatively to earnings misses. Given that MBCN missed EPS estimates and experienced a 0.9% drop after last quarter's miss, it is likely that the stock will face downward pressure in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100