MNSB - MainStreet Bank Q1 Earnings and Revenues Lag Estimates | Benzinga
MainStreet Bank (NASDAQ: MNSB) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $1.01 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -30.77%. A quarter ago, it was expected that this company would post earnings of $0.68 per share when it actually produced earnings of $0.61, delivering a surprise of -10.29%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
MainStreet Bank, which belongs to the Zacks Banks - Northeast industry, posted revenues of $16.26 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 6.85%. This compares to year-ago revenues of $22.09 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
MainStreet ...