From Nasdaq:

The First Bancshares (FBMS) quarterly earnings of $0.59 per share missed estimates, down from $0.71 a year ago. This represents an earnings surprise of -15.71% with revenues of $60.01 million, missing the Zacks Consensus Estimate by 16.77%. The stock has underperformed the market, and its outlook is rated as “Strong Sell.”

Capstar Financial (CSTR) is also expected to report a decline in earnings and revenues for the quarter ended December 2023, with quarterly earnings of $0.34 per share and revenues of $28.8 million. This indicates a challenging environment for the banking industry.

Investors are advised to be cautious of future estimates and to consider potential impacts to the stock based on industry rankings. The sustainability of The First Bancshares’ stock price movement will largely depend on the management’s commentary on the earnings call.



Read more: The First Bancshares (FBMS) Lags Q4 Earnings and Revenue Estimates