Territorial Bancorp (US:TBNK) ZACKS·2024-07-26 22:40Company Performance - Territorial Bancorp (TBNK) reported a quarterly loss of $0.09 per share, compared to the Zacks Consensus Estimate of a loss of $0.03, and a decline from earnings of $0.17 per share a year ago [1] - The company has not surpassed consensus EPS estimates over the last four quarters [2] - The quarterly report showed an earnings surprise of -200%, with a previous expectation of earnings at $0.02 per share, but resulting in a loss of $0.06, leading to a surprise of -400% [8] - Revenues for the quarter ended June 2024 were $8.9 million, missing the Zacks Consensus Estimate by 0.69%, and down from $11.78 million year-over-year [9] Future Outlook - The upcoming earnings report is expected to show quarterly earnings of $1.33 per share, reflecting a year-over-year change of -13.1%, with the consensus EPS estimate remaining unchanged over the last 30 days [7] - The current consensus EPS estimate for the coming quarter is -$0.04 on revenues of $8.94 million, and -$0.15 on revenues of $36.5 million for the current fiscal year [12] - The estimate revisions trend for Territorial Bancorp is mixed, resulting in a Zacks Rank 3 (Hold), indicating shares are expected to perform in line with the market in the near future [5] Industry Context - Territorial Bancorp operates within the Zacks Banks - Northeast industry, which is currently in the top 15% of over 250 Zacks industries [6] - The company has underperformed the market, with shares losing about 10.8% since the beginning of the year, while the S&P 500 gained 13.2% [10] - The performance of the stock is influenced by the overall industry outlook, as empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [11]