Business First (BFST) Q2 Earnings and Revenues Surpass Estimates

分组1 - Business First (BFST) reported quarterly earnings of $0.64 per share, exceeding the Zacks Consensus Estimate of $0.51 per share, but down from $0.70 per share a year ago, representing an earnings surprise of 25.49% [1] - The company posted revenues of $66.19 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4.80% and up from $65.28 million year-over-year [2] - Business First shares have increased approximately 0.1% since the beginning of the year, while the S&P 500 has gained 13.8% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.55 on revenues of $65.64 million, and for the current fiscal year, it is $2.02 on revenues of $263.92 million [5] - The estimate revisions trend for Business First is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [11] - The Banks - Northeast industry, to which Business First belongs, is currently in the top 20% of over 250 Zacks industries, suggesting a favorable outlook for the sector [12]