Red River Bancshares Q1 EPS $1.16 Beats $1.03 Estimate
Portfolio Pulse from Benzinga Newsdesk
Red River Bancshares (NASDAQ:RRBI) reported Q1 earnings of $1.16 per share, surpassing the consensus estimate of $1.03 by 12.62%. However, this represents a 12.78% decrease from the $1.33 per share earned in the same period last year.
April 25, 2024 | 9:05 pm
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Red River Bancshares reported a Q1 EPS of $1.16, exceeding estimates but showing a year-over-year decline.
Beating the earnings estimate typically has a positive short-term impact on a company's stock price, as it indicates better-than-expected financial health. However, the year-over-year decline in earnings might temper investor enthusiasm, suggesting a cautious optimism.
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