Amerant Bancorp (US:AMTB) ZACKSยท2024-10-23 22:56Company Performance - Amerant Bancorp Inc. reported quarterly earnings of $0.27 per share, exceeding the Zacks Consensus Estimate of $0.23 per share, but down from $0.64 per share a year ago, indicating a 57.81% year-over-year decline [1] - The earnings surprise for the quarter was 17.39%, while the previous quarter saw a negative surprise of -20% with actual earnings of $0.28 against an expectation of $0.35 [1] - The company achieved revenues of $101.8 million for the quarter, surpassing the Zacks Consensus Estimate by 2.43% and showing a slight increase from $100.5 million in the same quarter last year [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.32, with expected revenues of $103.77 million, while the estimate for the current fiscal year is $1.15 on revenues of $394.49 million [4] - The trend of estimate revisions for Amerant Bancorp has been unfavorable, resulting in a Zacks Rank of 5 (Strong Sell), suggesting expected underperformance in the near future [4] Industry Context - The Banks - Southeast industry, to which Amerant Bancorp belongs, is currently ranked in the bottom 33% of over 250 Zacks industries, indicating potential challenges for stocks in this sector [5] - The performance of Amerant Bancorp's stock may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [5]