Five Star Bancorp Q4 EPS $0.63 Beats $0.59 Estimate, Sales $28.61M Beat $27.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Five Star Bancorp (NASDAQ:FSBC) exceeded analyst expectations for Q4 with EPS of $0.63 against estimates of $0.59, a 6.78% beat. However, this represents an 18.18% decrease from the previous year's EPS of $0.77. Sales reached $28.61M, surpassing estimates of $27.51M by 4.01%, but marked a 6.90% decline from the prior year's $30.74M.
January 29, 2024 | 11:04 pm
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Five Star Bancorp reported Q4 EPS of $0.63, beating estimates by 6.78%, and sales of $28.61M, 4.01% above estimates. Year-over-year, EPS fell by 18.18% and sales by 6.90%.
While FSBC beat analyst estimates for both EPS and sales, the year-over-year decline in these figures could temper investor enthusiasm. The positive earnings surprise may provide short-term support to the stock price, but the decline in earnings and sales compared to the previous year could raise concerns about the company's growth trajectory, leading to a neutral short-term impact.
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