Premier Financial (US:PFC) ZACKSยท2024-10-22 22:35Group 1: Earnings Performance - Premier Financial reported quarterly earnings of $0.54 per share, exceeding the Zacks Consensus Estimate of $0.51 per share, but down from $0.69 per share a year ago, indicating a 21.74% year-over-year decline [1] - The earnings surprise for the quarter was 5.88%, while the previous quarter saw a negative surprise of -10% [1] - The company posted revenues of $62.76 million for the quarter, missing the Zacks Consensus Estimate by 2.78% and down from $67.52 million year-over-year, marking a decline of 13.06% [1] Group 2: Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.52 on revenues of $65.2 million, and for the current fiscal year, it is $1.98 on revenues of $254 million [4] - The estimate revisions trend for Premier Financial is currently favorable, resulting in a Zacks Rank 2 (Buy), suggesting the stock is expected to outperform the market in the near future [4] Group 3: Industry Context - The Banks - Northeast industry, to which Premier Financial belongs, is currently ranked in the top 21% of over 250 Zacks industries, indicating a strong performance potential [5] - Another company in the same industry, Midland States Bancorp, is expected to report quarterly earnings of $0.63 per share, reflecting a year-over-year decline of 19.2%, with revenues anticipated to be $72.9 million, down 5.1% from the previous year [5]