QCR Holdings (QCRH) Q3 Earnings and Revenues Top Estimates

Core Insights - QCR Holdings reported quarterly earnings of $1.78 per share, exceeding the Zacks Consensus Estimate of $1.49 per share, and up from $1.51 per share a year ago, representing an earnings surprise of 19.46% [1] - The company achieved revenues of $86.88 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.43% and increasing from $81.85 million year-over-year [1] Earnings Performance - QCR Holdings has surpassed consensus EPS estimates in all four of the last quarters [1] - The company had a previous quarter earnings expectation of $1.39 per share but reported $1.73, resulting in a surprise of 24.46% [1] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.60 on revenues of $86.4 million, and for the current fiscal year, it is $6.34 on revenues of $337 million [4] - The estimate revisions trend for QCR Holdings is favorable, leading to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The Banks - Midwest industry, to which QCR Holdings belongs, is currently in the top 25% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [5] - Another company in the same industry, First Interstate BancSystem, is expected to report quarterly earnings of $0.60 per share, reflecting a year-over-year decline of 14.3% [5]