LCNB (US:LCNB) ZACKSยท2024-10-21 22:46Company Performance - LCNB reported quarterly earnings of $0.31 per share, exceeding the Zacks Consensus Estimate of $0.27 per share, but down from $0.37 per share a year ago, representing an earnings surprise of 14.81% [1] - The company posted revenues of $21.38 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.36% and up from $17.15 million year-over-year [1] - Over the last four quarters, LCNB has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [1] Future Outlook - The sustainability of LCNB's stock price movement will depend on management's commentary during the earnings call and the company's earnings outlook [2][3] - The current consensus EPS estimate for the coming quarter is $0.28 on revenues of $21.5 million, and for the current fiscal year, it is $1 on revenues of $82.4 million [4] - The estimate revisions trend for LCNB is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [4] Industry Context - The Banks - Northeast industry, to which LCNB belongs, is currently in the top 23% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [5] - Citizens Financial Services, another bank in the same industry, is expected to report quarterly earnings of $1.38 per share, reflecting a year-over-year decline of 14.3% [5]