MainStreet Bancshares Q1 2024 GAAP EPS $0.36 Misses $0.52 Estimate, Sales $16.264M Miss $17.100M Estimate
Portfolio Pulse from Benzinga Newsdesk
MainStreet Bancshares (MNSB) reported Q1 2024 earnings of $0.36 per share, missing the $0.52 estimate, with sales of $16.264M also missing the $17.100M estimate. This represents a 26.39% decrease in sales compared to the same period last year.
April 22, 2024 | 12:10 pm
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MainStreet Bancshares reported lower than expected Q1 2024 earnings and sales, missing estimates and showing a significant decrease in sales compared to last year.
Missing both earnings and sales estimates significantly, especially with a notable year-over-year decrease in sales, is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
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