Lakeland Financial (US:LKFN) ZACKS·2024-10-25 13:11Company Performance - Lakeland Financial reported quarterly earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of $0.87 per share, but down from $0.98 per share a year ago, representing an earnings surprise of 4.60% [1] - The company posted revenues of $61.19 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.15% and up from $59.23 million year-over-year [1] - Over the last four quarters, Lakeland Financial has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.87 on revenues of $60.6 million, and for the current fiscal year, it is $3.37 on revenues of $249.3 million [4] - The estimate revisions trend for Lakeland Financial is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [4] Industry Context - The Banks - Midwest industry, to which Lakeland Financial belongs, is currently in the top 21% of over 250 Zacks industries, suggesting a favorable industry outlook [5] - Heartland Financial, another company in the same industry, is expected to report quarterly earnings of $1.18 per share, reflecting a year-over-year change of +5.4%, with revenues anticipated to be $189.51 million, up 8.8% from the previous year [5]