Business First Bancshares Inc reports results for the quarter ended in January - Earnings Summary

Business First Bancshares

25/07/2024 22:01

* Business First Bancshares Inc  BFST.OQ  reported quarterly
adjusted earnings of 64 cents​​ per share for the quarter ended
in January, lower than the same quarter last year, when the
company reported EPS of 70 cents.  The mean expectation of
five analysts for the quarter was for earnings of 51 cents per
share. Wall Street expected results to range from 49 cents to 53
cents per share.
    * Revenue rose 1.4% to $66.19 million from a year ago;
analysts
expected $62.96 million. 
    * Business First Bancshares Inc's reported EPS for the
quarter was
62 cents​.
    * The company reported quarterly net income of $15.86
million.
    * Business First Bancshares Inc shares had risen by 13.4%
this
quarter and gained 0.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Business First
Bancshares Inc is $27.00 
This summary was machine generated from LSEG data July 25 at
09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.51           0.64           Beat
 Mar. 31 2024      0.57           0.50           Missed
 Dec. 31 2023      0.60           0.66           Beat
 Sep. 30 2023      0.61           0.71           Beat