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
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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.
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