Five Star Q1 EPS $0.62 Beats $0.53 Estimate
Portfolio Pulse from Benzinga Newsdesk
Five Star (NASDAQ:FSBC) reported Q1 earnings of $0.62 per share, surpassing the consensus estimate of $0.53 by 16.98%. However, this represents a 19.48% decrease from the $0.77 per share earned in the same period last year.
April 29, 2024 | 10:48 pm
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Five Star reported a Q1 EPS of $0.62, exceeding estimates but showing a year-over-year decline.
Beating the earnings estimate typically has a positive impact on a company's stock price in the short term, 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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