Core Viewpoint - Wall Street anticipates flat earnings for Meridian Bank in the upcoming quarter, with a consensus EPS estimate of $0.35, unchanged from the previous year, while revenues are expected to rise by 5% to $26.57 million [2][6]. Group 1: Earnings Estimates - The consensus EPS estimate for Meridian Bank has remained unchanged over the last 30 days, indicating stability in analyst expectations [3]. - Meridian Bank's Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +2.86%, suggesting a bullish outlook from analysts [6][7]. Group 2: Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [5]. - Meridian Bank currently holds a Zacks Rank of 2, reinforcing the likelihood of beating the consensus EPS estimate [7]. Group 3: Historical Performance - In the last reported quarter, Meridian Bank was expected to post earnings of $0.32 per share but delivered only $0.30, resulting in a surprise of -6.25% [8]. - Over the past four quarters, Meridian Bank has only beaten consensus EPS estimates once, indicating a mixed historical performance [8]. Group 4: Market Context - The Bancorp, a peer in the Zacks Banks - Northeast industry, is expected to report earnings of $1.12 per share, reflecting a year-over-year increase of +21.7%, with revenues projected to rise by 13.6% to $131.34 million [10]. - The Bancorp's recent EPS estimate has been revised down by 2.5%, and it currently has an Earnings ESP of 0.00% combined with a Zacks Rank of 4 (Sell), making it difficult to predict an earnings beat [10].
Meridian Bank (MRBK) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release