Investar (ISTR) Q2 Earnings and Revenues Beat Estimates

Company Performance - Over the last four quarters, the company has surpassed consensus EPS estimates four times [1] - Investar reported quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.28 per share, compared to earnings of $0.67 per share a year ago [9] - The company posted revenues of $19.95 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.73%, but down from $20.46 million year-over-year [10] Earnings Surprises and Estimates - This quarterly report represents an earnings surprise of 28.57%, with actual earnings of $0.43 per share compared to an expected $0.25 per share, delivering a surprise of 72% [4] - The current consensus EPS estimate for the upcoming quarter is $0.44, reflecting a year-over-year change of -21.4% [8] - The current consensus EPS estimate for the current fiscal year is $1.43 on revenues of $78.94 million [12] Market Comparison - Investar shares have added about 17.2% since the beginning of the year, outperforming the S&P 500's gain of 15.4% [2] - The Zacks Rank for Investar is currently 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] - The Zacks Industry Rank for Banks - Southeast is currently in the bottom 35% of over 250 Zacks industries, which may impact the stock's performance [7]