Company Performance - FS Bancorp (FSBW) reported quarterly earnings of $1.13 per share, exceeding the Zacks Consensus Estimate of $1.03 per share, but down from $1.25 per share a year ago [1] - The company has surpassed consensus EPS estimates in all four of the last quarters [2] - FS Bancorp's revenues for the quarter ended June 2024 were $36.27 million, surpassing the Zacks Consensus Estimate by 2.46%, but down from $36.39 million year-over-year [9] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.09 on revenues of $36.05 million, and for the current fiscal year, it is $3.93 on revenues of $139.15 million [12] - The estimate revisions trend for FS Bancorp is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [5] Industry Context - FS Bancorp operates within the Zacks Banks - West industry, which is currently ranked in the bottom 34% of over 250 Zacks industries [6] - The performance of FS Bancorp's stock may be influenced by the overall outlook of the banking industry [6] Stock Performance - FS Bancorp shares have increased approximately 9.8% since the beginning of the year, compared to a 16.7% gain for the S&P 500 [10] - Despite the year-to-date increase, FS Bancorp has underperformed the market [11]
FS Bancorp (FSBW) Q2 Earnings and Revenues Surpass Estimates