Core Insights - CrossFirst Bankshares (CFB) reported quarterly earnings of $0.37 per share, exceeding the Zacks Consensus Estimate of $0.34 per share, and showing an increase from $0.35 per share a year ago [2][5] - The company's revenues for the quarter were $63.59 million, slightly missing the Zacks Consensus Estimate by 0.10%, and up from $60.32 million in the same quarter last year [14] - The stock has seen a year-to-date increase of approximately 12.2%, compared to the S&P 500's gain of 17.7% [9] Earnings Performance - The recent earnings surprise was 8.82%, following a previous surprise of 5.88% when earnings were $0.36 per share against an expectation of $0.34 [1][2] - Over the last four quarters, the company has consistently surpassed consensus EPS estimates [8] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.35, with projected revenues of $65.52 million, and for the current fiscal year, the estimate is $1.43 on revenues of $258.26 million [11] - The estimate revisions trend for CrossFirst has been unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [5][6] Industry Context - The Banks - Northeast industry, to which CrossFirst belongs, is currently ranked in the bottom 34% of over 250 Zacks industries, suggesting potential challenges ahead [6] - Empirical research indicates a strong correlation between near-term stock movements and earnings estimate revisions, which could impact CrossFirst's stock performance [10]
CrossFirst Bankshares (CFB) Q2 Earnings Beat Estimates