FVCBankcorp Q1 2024 GAAP EPS $0.20, Inline, Sales $12.792M Miss $13.315M Estimate
Portfolio Pulse from Benzinga Newsdesk
FVCBankcorp (NASDAQ:FVCB) reported Q1 2024 earnings of $0.20 per share, meeting analyst estimates, but missed sales forecasts with $12.792M versus the expected $13.315M, marking an 8.72% decrease from the previous year.
April 23, 2024 | 8:25 pm
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FVCBankcorp reported Q1 2024 earnings per share of $0.20, aligning with expectations, but its sales of $12.792M missed estimates by 3.93%, showing a decline from the previous year.
Meeting EPS estimates typically has a neutral to positive impact on stock performance. However, missing sales forecasts and reporting a significant year-over-year decline in sales are negative indicators that can lead to bearish investor sentiment in the short term. The combination of these factors suggests a likely negative impact on FVCB's stock price.
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IMPORTANCE 90
RELEVANCE 100