Recap: First Ntl Q4 Earnings
Portfolio Pulse from Benzinga Insights
First Ntl (NASDAQ:FXNC) reported Q4 earnings with an EPS of $-0.14, missing estimates by 129.17% and a revenue decrease of $2.26 million from the previous year. Despite missing last quarter's EPS estimate, the share price increased by 1.58% the following day.
February 01, 2024 | 2:20 pm
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NEGATIVE IMPACT
First Ntl reported significantly lower Q4 earnings than expected, with an EPS of $-0.14 against an estimate of $0.48, and a revenue decrease from the previous year.
The significant miss in both earnings and revenue expectations for FXNC is likely to negatively impact investor sentiment and the stock price in the short term. Historically, even after missing EPS estimates last quarter, the stock price increased, indicating potential volatility or investor optimism that may not persist.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100