First Business Finl Servs Q1 EPS $1.04 Misses $1.12 Estimate, Sales $36.28M Miss $37.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Business Financial Services (FBIZ) reported Q1 earnings of $1.04 per share, missing the consensus estimate of $1.12, and sales of $36.28M, below the expected $37.73M. This represents a slight decrease in earnings and an increase in sales from the previous year.
April 25, 2024 | 9:10 pm
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NEGATIVE IMPACT
FBIZ missed Q1 earnings and sales estimates, with a slight decrease in earnings per share from last year and a modest increase in sales.
Missing both earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. The slight decrease in earnings per share compared to last year further compounds the negative outlook, despite the modest year-over-year increase in sales.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100