Farmers National Banc Q3 Adj $0.23 Misses $0.34 Estimate
Portfolio Pulse from Benzinga Newsdesk
Farmers National Banc (NASDAQ:FMNB) reported Q3 earnings of $0.23 per share, missing the analyst consensus estimate of $0.34 by 32.35%. This represents a 42.5% decrease from the same period last year.
October 23, 2024 | 12:10 pm
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Farmers National Banc reported Q3 earnings of $0.23 per share, missing the consensus estimate of $0.34 by 32.35%. This marks a significant 42.5% decrease from the previous year's earnings for the same period.
The significant miss on earnings expectations and the year-over-year decline in earnings per share are likely to negatively impact FMNB's stock price in the short term. Investors may react to the lower-than-expected performance, leading to a potential sell-off.
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