Business First Bancshares Q2 2024 Adj EPS $0.64 Beats $0.51 Estimate, Sales $66.185M Beat $62.959M Estimate
Portfolio Pulse from Benzinga Newsdesk
Business First Bancshares (NASDAQ:BFST) reported Q2 2024 adjusted EPS of $0.64, beating the $0.51 estimate. Sales were $66.185M, surpassing the $62.959M estimate. Despite the earnings beat, EPS decreased by 8.57% YoY, while sales increased by 1.38% YoY.
July 25, 2024 | 8:33 pm
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Business First Bancshares reported Q2 2024 adjusted EPS of $0.64, beating the $0.51 estimate by 25.49%. Sales were $66.185M, surpassing the $62.959M estimate. Despite the earnings beat, EPS decreased by 8.57% YoY, while sales increased by 1.38% YoY.
The significant beat on both EPS and sales estimates is likely to have a positive short-term impact on BFST's stock price. However, the YoY decrease in EPS may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100