Peoples Bancorp (US:PEBO) ZACKSยท2024-10-15 15:06Core Viewpoint - Peoples Bancorp (PEBO) is anticipated to report a year-over-year decline in earnings due to lower revenues for the quarter ended September 2024, with the consensus outlook indicating a significant impact on its near-term stock price based on actual results compared to estimates [1][3]. Earnings Expectations - The upcoming earnings report is expected to show quarterly earnings of $0.83 per share, reflecting a year-over-year decrease of 21.7%, while revenues are projected to be $112.3 million, down 3.9% from the previous year [3]. - The consensus EPS estimate has been revised 0.8% lower in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Peoples Bancorp is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +2.72%, although the stock holds a Zacks Rank of 4, complicating predictions of an earnings beat [10]. - A positive Earnings ESP is generally a strong predictor of an earnings beat, especially when combined with a favorable Zacks Rank [8]. Historical Performance - In the last reported quarter, Peoples Bancorp was expected to post earnings of $0.85 per share but delivered $0.84, resulting in a surprise of -1.18% [11]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [12]. Industry Comparison - Wintrust Financial (WTFC), another player in the Zacks Banks - Midwest industry, is expected to report earnings of $2.50 per share for the same quarter, indicating a year-over-year change of -1.2%, with revenues expected to rise by 8.1% to $621.35 million [16]. - Wintrust's consensus EPS estimate has been revised 0.3% upward in the last 30 days, and it has an Earnings ESP of 0.54%, suggesting a likelihood of beating the consensus EPS estimate [17].