Earnings Performance - Farmers National Banc (FMNB) reported quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.34 per share, and down from $0.40 per share a year ago, representing an earnings surprise of -32.35% [1] - The company posted revenues of $44.22 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.07%, and up from $43.6 million year-over-year [1] Stock Performance and Outlook - Farmers National shares have increased by approximately 3.3% since the beginning of the year, compared to the S&P 500's gain of 22.7% [2] - The current consensus EPS estimate for the upcoming quarter is $0.35 on revenues of $43.2 million, and for the current fiscal year, it is $1.36 on revenues of $169.7 million [4] Industry Context - The Banks - Midwest industry, to which Farmers National belongs, is currently in the top 25% of over 250 Zacks industries, indicating a favorable outlook [5] - First Business Financial Services, another company in the same industry, is expected to report quarterly earnings of $1.20 per share, reflecting a year-over-year change of +2.6% [5][6]
Farmers National Banc (FMNB) Misses Q3 Earnings Estimates