Company Performance - CB Financial Services reported earnings of $0.62 per share, exceeding expectations of $0.53 by 16.98% [1] - The company posted revenues of $12.16 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 3.51% and down from $13.39 million year-over-year [6] - The current consensus EPS estimate for the upcoming quarter is $0.54 on revenues of $12.6 million, and for the current fiscal year, it is $2.22 on revenues of $51.3 million [8] Industry Outlook - The Zacks Industry Rank for Banks - Northeast is in the top 27% of over 250 Zacks industries, indicating a favorable outlook [4] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry performance can significantly impact stock performance [3] Stock Performance - CB Financial Services shares have declined approximately 0.4% since the beginning of the year, while the S&P 500 has gained 16.5% [12] - The company has surpassed consensus EPS estimates two times over the last four quarters [11]
CB Financial Services (CBFV) Matches Q2 Earnings Estimates