Southern First Bancshares Q1 EPS $0.31 Misses $0.34 Estimate, Sales $18.64M Miss $22.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southern First Bancshares (NASDAQ:SFST) reported Q1 earnings of $0.31 per share, missing the consensus estimate of $0.34, and sales of $18.64M, below the $22.26M estimate. This represents a decrease in both earnings and sales compared to the same period last year.
April 18, 2024 | 8:28 pm
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Southern First Bancshares reported lower than expected Q1 earnings and sales, missing analyst estimates.
Missing both earnings and sales estimates significantly, especially in a financial sector company like Southern First Bancshares, typically leads to negative investor sentiment in the short term. The year-over-year decline in both metrics further compounds the potential negative impact on the stock price.
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