First Bancshares Q1 2024 Adj EPS $0.65 Beats $0.59 Estimate, Sales $57.341M Miss $59.927M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Bancshares (NASDAQ:FBMS) reported Q1 2024 adjusted EPS of $0.65, surpassing the $0.59 estimate, but sales of $57.341M fell short of the $59.927M forecast. This represents a 24.42% decrease in earnings and an 11.68% decrease in sales from the same period last year.

April 24, 2024 | 9:49 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
First Bancshares reported a mixed Q1 2024 with EPS beating estimates but sales missing forecasts, indicating a decrease in both earnings and sales from the previous year.
The mixed results with an EPS beat but a miss on sales forecasts could lead to neutral short-term stock price movement. The decrease in earnings and sales from the previous year might concern investors, but the EPS beat could offset some negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100