LCNB (LCNB) Tops Q2 Earnings and Revenue Estimates

Core Viewpoint - LCNB reported quarterly earnings of $0.29 per share, exceeding the Zacks Consensus Estimate of $0.18 per share, but down from $0.45 per share a year ago [1][10] Financial Performance - LCNB's revenues for the quarter ended June 2024 were $19.3 million, surpassing the Zacks Consensus Estimate by 4.31%, compared to $17.82 million in the same quarter last year [2] - The company has exceeded consensus revenue estimates twice in the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is $0.23 on revenues of $19.6 million, and for the current fiscal year, it is $0.82 on revenues of $76.3 million [4] Stock Performance - LCNB shares have declined approximately 5.2% since the beginning of the year, while the S&P 500 has gained 16.7% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [6] Earnings Outlook - The trend for estimate revisions for LCNB is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [12] - The industry outlook can significantly impact LCNB's stock performance, with the Banks - Northeast industry currently ranking in the top 27% of over 250 Zacks industries [13]