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ACNB (ACNB) Lags Q3 Earnings Estimates
ACNBACNB (ACNB) ZACKS·2024-10-24 13:31

Company Performance - ACNB reported quarterly earnings of 0.84pershare,missingtheZacksConsensusEstimateof0.84 per share, missing the Zacks Consensus Estimate of 0.88 per share, and down from 1.06pershareayearago,representinganearningssurpriseof−4.551.06 per share a year ago, representing an earnings surprise of -4.55% [1] - The company posted revenues of 27.78 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.95%, but down from 28.04millionyear−over−year[1]−Overthelastfourquarters,ACNBhassurpassedconsensusEPSestimatesjustonceandtoppedconsensusrevenueestimatestwotimes[1]FutureOutlook−TheimmediatepricemovementofACNB′sstockwilldependonmanagement′scommentaryduringtheearningscallandthecompany′searningsoutlook[2][3]−ThecurrentconsensusEPSestimateforthecomingquarteris28.04 million year-over-year [1] - Over the last four quarters, ACNB has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [1] Future Outlook - The immediate price movement of ACNB's stock will depend on management's commentary during the earnings call and the company's earnings outlook [2][3] - The current consensus EPS estimate for the coming quarter is 0.81 on revenues of 26.87million,andforthecurrentfiscalyear,itis26.87 million, and for the current fiscal year, it is 3.30 on revenues of 107.24million[4]IndustryContext−TheBanks−Southwestindustry,towhichACNBbelongs,iscurrentlyinthetop18107.24 million [4] Industry Context - The Banks - Southwest industry, to which ACNB belongs, is currently in the top 18% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5] - First Foundation, another company in the same industry, is expected to report a quarterly loss of 0.21 per share, reflecting a significant year-over-year decline of -520% [5]