UPDATE: Plumas Q1 2024 Adj EPS $1.08 Misses $1.19 Estimate
Portfolio Pulse from Benzinga Newsdesk
Plumas (NASDAQ:PLBC) reported Q1 2024 adjusted earnings per share (EPS) of $1.08, missing the consensus estimate of $1.19 by 9.24%. This represents a 15.62% decrease from the $1.28 EPS reported in the same quarter last year.

April 17, 2024 | 1:33 pm
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Plumas reported a Q1 2024 EPS of $1.08, missing estimates by 9.24% and marking a 15.62% decrease from the previous year.
Missing the consensus earnings estimate and reporting a significant year-over-year decrease in EPS are both negative indicators for a company's financial health and often lead to a negative short-term impact on the stock price. Investors and analysts typically view earnings misses and declining profitability as bearish signals, potentially leading to decreased investor confidence and selling pressure on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100