Peoples Bancorp (PEBO) Surpasses Q3 Earnings and Revenue Estimates

Group 1: Earnings Performance - Peoples Bancorp reported quarterly earnings of $0.89 per share, exceeding the Zacks Consensus Estimate of $0.83 per share, but down from $1.06 per share a year ago, indicating a year-over-year decline [1] - The earnings surprise for the quarter was 7.23%, and the company has surpassed consensus EPS estimates three times over the last four quarters [1] - The company posted revenues of $113.71 million for the quarter, surpassing the Zacks Consensus Estimate by 1.25%, but down from $116.91 million year-over-year [1] Group 2: Stock Performance and Outlook - Peoples Bancorp shares have declined approximately 9.8% since the beginning of the year, contrasting with the S&P 500's gain of 22.7% [2] - The current consensus EPS estimate for the upcoming quarter is $0.82 on revenues of $112.55 million, and for the current fiscal year, it is $3.29 on revenues of $448.75 million [4] Group 3: Industry Context - The Banks - Midwest industry, to which Peoples Bancorp belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable industry outlook [5] - Another company in the same industry, 1st Source, is expected to report quarterly earnings of $1.36 per share, reflecting a year-over-year increase of 3% [5]