Peoples Bancorp (PEBO) Misses Q2 Earnings and Revenue Estimates

Core Viewpoint - The upcoming earnings reports for Peoples Bancorp and Farmers National Banc are anticipated to show mixed results, with particular attention on earnings per share (EPS) estimates and revenue performance. Company Summary - Peoples Bancorp is expected to report quarterly earnings of $0.84 per share, slightly missing the Zacks Consensus Estimate of $0.85 per share, representing a year-over-year increase from $0.83 per share [3] - The company reported revenues of $109.69 million for the quarter ended June 2024, which is a 3.5% increase from $106.31 million a year ago but missed the Zacks Consensus Estimate by 1.45% [4] - Over the last four quarters, Peoples Bancorp has surpassed consensus EPS estimates three times and topped consensus revenue estimates twice [4] - The stock has underperformed the market, losing about 1.2% since the beginning of the year compared to the S&P 500's gain of 16.7% [5] Industry Summary - The Banks - Midwest industry, to which Peoples Bancorp belongs, is currently in the top 40% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The performance of stocks in this industry is significantly influenced by the overall industry outlook and earnings estimate revisions [8][7]