First Financial Bankshares(US:FFIN) ZACKS·2024-10-17 22:16Company Performance - First Financial Bankshares (FFIN) reported quarterly earnings of $0.39 per share, matching the Zacks Consensus Estimate, and an increase from $0.35 per share a year ago [1] - The company posted revenues of $142.1 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 1.32%, compared to $125.04 million in the same quarter last year [1] - Over the last four quarters, First Financial has surpassed consensus revenue estimates three times [1] Stock Performance - First Financial shares have increased approximately 27.9% since the beginning of the year, outperforming the S&P 500's gain of 22.5% [2] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for it to outperform the market in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.39 on revenues of $141.2 million, and for the current fiscal year, it is $1.52 on revenues of $550.8 million [4] - The trend for estimate revisions for First Financial is favorable, which could influence future stock performance [4] Industry Context - The Banks - Southwest industry, to which First Financial belongs, is currently in the top 40% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [5] - Another company in the same industry, Guaranty Bancshares Inc. (GNTY), is expected to report quarterly earnings of $0.62 per share, reflecting a year-over-year increase of 14.8% [5]