First Guaranty Bancshares Q4 EPS $0.06 Misses $0.09 Estimate, Sales $23.62M Beat $20.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Guaranty Bancshares (NASDAQ:FGBI) reported Q4 earnings of $0.06 per share, missing the $0.09 estimate, and sales of $23.62M, beating the $20.39M estimate. This represents an 85.71% decrease in earnings and an 8.67% decrease in sales from the same period last year.
February 05, 2024 | 10:53 pm
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First Guaranty Bancshares reported lower than expected Q4 earnings but exceeded sales forecasts, with significant decreases in both earnings and sales compared to last year.
The miss in earnings per share (EPS) expectations and the significant year-over-year decrease in earnings are likely to negatively impact investor sentiment in the short term, despite the sales beat. The substantial drop in earnings compared to the previous year indicates potential underlying issues that could concern investors, leading to a negative outlook on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100