FB Financial Q1 2024 Adj EPS $0.85 Beats $0.70 Estimate, Sales $107.452M Miss $120.207M Estimate
Portfolio Pulse from Benzinga Newsdesk
FB Financial (NYSE:FBK) reported Q1 2024 adjusted EPS of $0.85, surpassing the $0.70 estimate, but its sales of $107.452M fell short of the $120.207M forecast, marking a 15.55% decrease from the previous year.
April 15, 2024 | 8:19 pm
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FB Financial reported higher-than-expected Q1 2024 EPS but missed revenue estimates, with a significant year-over-year sales decline.
The mixed financial results, with an EPS beat but a miss on revenue forecasts and a notable decrease in sales compared to the previous year, could lead to neutral market sentiment towards FBK in the short term. Investors might appreciate the earnings beat but could be concerned about the revenue miss and declining sales, balancing the stock's outlook.
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