First Bancshares Q2 2024 Adj EPS $0.63 Beats $0.58 Estimate, Sales $57.794M Beat $57.136M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Bancshares (NASDAQ:FBMS) reported Q2 2024 adjusted EPS of $0.63, beating the estimate of $0.58. Sales were $57.794M, also surpassing the $57.136M estimate. However, sales decreased by 12.47% compared to the same period last year.
July 24, 2024 | 8:35 pm
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POSITIVE IMPACT
First Bancshares reported better-than-expected Q2 2024 earnings and sales, but sales were down 12.47% YoY.
The better-than-expected EPS and sales figures are likely to have a positive short-term impact on FBMS stock. However, the YoY decline in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100