First Business Financial Services: Outperforming the Industry, but Missing Analyst Expectations

First Business Financial Services (NASDAQ: FBIZ) has released its First Quarter 2024 financial results, reporting revenue of US$33.9 million and net income of US$8.63 million. Despite missing analyst estimates by 3.5% for revenue and 6.8% for earnings per share, the profit margin remained steady at 25%, in line with the previous year. Looking ahead, the company is forecasting a revenue growth of 11% per year on average for the next two years, outpacing the industry growth forecast of 6.0%. The share price of the company has remained relatively stable over the past week.

To gain a complete understanding of First Business Financial Services’ financial health, it is important to analyze its balance sheet in addition to its earnings results. More information can be found in our latest analysis, which provides insights into the company’s financial position and outlook. Feedback and inquiries can be directed to our editorial team at Simply Wall St via email at editorial-team@simplywallst.com.

It is important to note that this article by Simply Wall St offers general commentary based on historical data and analyst forecasts using an unbiased methodology. It is not meant as financial advice and does not recommend buying or selling any stock without considering your own objectives and financial situation. The analysis provided aims to offer a long-term perspective based on fundamental data and may not incorporate the most recent company announcements or qualitative information. Simply Wall St does not have a position in any stocks mentioned.

In conclusion, First Business Financial Services reported positive first quarter results but missed analyst estimates for revenue and earnings per share by 3.5% and 6.8%, respectively. Despite this, the company is forecasting a revenue growth rate of 11% per year on average for the next two years, which outpaces the industry growth forecast of 6%. However, it’s worth noting that investors should always consider other factors beyond just earnings when making investment decisions.

Overall, investors should continue to closely monitor First Business Financial Services’ performance over time to ensure that their investment decisions align with their long-term financial goals and objectives.