Business First Bancshares Q3 2024 Adj. EPS $0.68 Beats $0.57 Estimate, Sales $66.901M Beat $65.325M Estimate
Portfolio Pulse from Benzinga Newsdesk
Business First Bancshares (NASDAQ:BFST) reported Q3 2024 earnings per share of $0.68, surpassing the analyst estimate of $0.57. Sales reached $66.901 million, also beating the estimate of $65.325 million. Despite the earnings beat, EPS decreased by 4.23% compared to last year.
October 24, 2024 | 8:21 pm
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Business First Bancshares reported better-than-expected Q3 2024 earnings and sales, with EPS of $0.68 beating the $0.57 estimate and sales of $66.901M surpassing the $65.325M estimate. However, EPS decreased by 4.23% year-over-year.
The earnings and sales beats are positive indicators for BFST, likely leading to a short-term stock price increase. However, the year-over-year EPS decline may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100