The First Bancshares(US:FBMS) ZACKS·2024-07-17 15:07Core Viewpoint - The First Bancshares (FBMS) is anticipated to report a year-over-year decline in earnings due to lower revenues, with a consensus EPS estimate of $0.61, reflecting a -28.2% change compared to the previous year [1][3][4]. Financial Performance Expectations - Revenues for the quarter are expected to be $70.4 million, which is a decrease of 10.3% from the same quarter last year [4]. - The consensus EPS estimate has been revised down by 1.54% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Potential - The Earnings ESP for The First Bancshares is 0%, suggesting no recent analyst revisions that differ from the consensus estimate, making it challenging to predict an earnings beat [12][14]. - The company currently holds a Zacks Rank of 3 (Hold), which does not strongly indicate a likelihood of beating the consensus EPS estimate [13][14]. Historical Performance - In the last reported quarter, The First Bancshares exceeded the expected EPS of $0.60 by delivering $0.65, resulting in a surprise of +8.33% [15]. - Over the past four quarters, the company has beaten consensus EPS estimates two times [16]. Industry Context - Another player in the Southeast banking industry, Dime Community (DCOM), is expected to report earnings of $0.36 per share, reflecting a year-over-year decline of -47.1%, with revenues projected at $82.19 million, down 9.3% [20]. - Dime Community has seen a 3.5% upward revision in its consensus EPS estimate over the last 30 days, resulting in a positive Earnings ESP of 7.34%, suggesting a higher likelihood of beating the consensus estimate [21].