First Busey Q1 2024 Adj EPS $0.47 Misses $0.49 Estimate, Sales $110.767M Beat $109.091M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Busey Corporation (NASDAQ:BUSE) reported Q1 2024 adjusted EPS of $0.47, missing the consensus estimate of $0.49 by 4.08%. Year-over-year, earnings decreased by 27.69% from $0.65 per share. Quarterly sales were $110.767M, exceeding estimates by 1.54% but showing a 5.89% decrease from the previous year's $117.705M.
April 23, 2024 | 9:33 pm
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NEGATIVE IMPACT
First Busey's Q1 2024 earnings missed estimates with a significant year-over-year decrease, though sales slightly exceeded expectations.
The miss on the EPS estimate and the significant decrease in earnings year-over-year are likely to negatively impact investor sentiment towards BUSE in the short term. However, the slight beat on sales estimates may provide some offsetting positive sentiment.
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