MainStreet Bancshares Q3 2024 GAAP EPS $(0.04) Misses $0.07 Estimate, Sales $16.229M Beat $15.865M Estimate
Portfolio Pulse from Benzinga Newsdesk
MainStreet Bancshares reported a Q3 2024 GAAP EPS of $(0.04), missing the $0.07 estimate, but sales of $16.229M beat the $15.865M estimate. Sales decreased by 16.95% compared to the same period last year.
October 28, 2024 | 12:08 pm
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MainStreet Bancshares reported a Q3 2024 EPS loss of $(0.04), missing the $0.07 estimate, but sales of $16.229M exceeded expectations. However, sales decreased by 16.95% year-over-year.
The EPS miss by a significant margin is likely to negatively impact the stock price in the short term. Although sales beat expectations, the year-over-year decline in sales adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100