First Mid Bancshares Q3 Adj $0.83 Misses $0.84 Estimate, Sales $57.54M Miss $58.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Mid Bancshares reported Q3 earnings of $0.83 per share, missing the $0.84 estimate. Sales were $57.54M, below the $58.39M estimate. Despite missing estimates, earnings and sales increased compared to last year.
October 31, 2024 | 12:32 pm
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First Mid Bancshares reported Q3 earnings of $0.83 per share, missing the $0.84 estimate. Sales were $57.54M, below the $58.39M estimate. Despite missing estimates, earnings and sales increased compared to last year.
The earnings and sales figures both missed analyst estimates, which is typically viewed negatively by the market. However, the company did show year-over-year growth in both earnings and sales, which may mitigate some negative sentiment. Overall, the short-term impact is likely negative due to the missed estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100