Dime Community (DCOM) Q3 Earnings Lag Estimates

Company Performance - Dime Community reported quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.41 per share, and down from $0.56 per share a year ago, representing an earnings surprise of -29.27% [1] - The company posted revenues of $87.56 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.04%, and up from $84.41 million year-over-year [1] - Over the last four quarters, Dime Community has surpassed consensus revenue estimates four times [1] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.49 on revenues of $90.9 million, and for the current fiscal year, it is $1.61 on revenues of $344.15 million [4] - The estimate revisions trend for Dime Community is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Industry Context - The Banks - Southeast industry, to which Dime Community belongs, is currently in the bottom 29% of over 250 Zacks industries, suggesting potential challenges for stock performance [5] - National Bankshares, another company in the same industry, is expected to report quarterly earnings of $0.52 per share, with revenues projected to be $11.64 million, reflecting an 8.2% increase from the year-ago quarter [5]