National Bankshares (NKSH) Reports Q2 Loss, Lags Revenue Estimates

Core Viewpoint - National Bankshares reported a quarterly loss of $0.05 per share, significantly missing the Zacks Consensus Estimate of $0.32, and down from earnings of $0.66 per share a year ago, indicating a substantial earnings surprise of -115.63% [1] Financial Performance - The company posted revenues of $10.95 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 4.24%, and down from $12.01 million in the same quarter last year [2] - National Bankshares has not surpassed consensus EPS estimates over the last four quarters, indicating a consistent underperformance [2] Stock Performance - Shares of National Bankshares have declined approximately 10.1% since the beginning of the year, contrasting with the S&P 500's gain of 13.9% [3] - The current Zacks Rank for National Bankshares is 3 (Hold), suggesting that the stock is expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.52 on revenues of $11.64 million, and for the current fiscal year, it is $1.94 on revenues of $44.87 million [7] - The trend of estimate revisions for National Bankshares is mixed, which could change following the recent earnings report [6] Industry Context - The Banks - Southeast industry, to which National Bankshares belongs, is currently ranked in the top 15% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8]