Investar Holding Q1 Adj EPS $0.43 Beats $0.24 Estimate, Sales $19.96M Beat $18.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Investar Holding (NASDAQ:ISTR) reported Q1 adjusted EPS of $0.43, surpassing the $0.24 estimate, with sales of $19.96M also beating the $18.90M estimate. However, this represents a 15.69% decrease in earnings and a 6.05% decrease in sales from the same period last year.
April 22, 2024 | 9:51 am
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Investar Holding reported a significant beat on both earnings and sales estimates for Q1, with an EPS of $0.43 against a $0.24 estimate and sales of $19.96M against an $18.90M estimate.
The positive earnings and sales beat indicate a strong quarterly performance for Investar Holding, likely leading to a positive short-term impact on its stock price. However, the year-over-year decline in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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