First Northwest Bancorp (FNWB) Reports Q3 Loss, Lags Revenue Estimates

Financial Performance - First Northwest Bancorp (FNWB) reported a quarterly loss of $0.23 per share, significantly missing the Zacks Consensus Estimate of $0.05, and down from earnings of $0.28 per share a year ago, representing an earnings surprise of -560% [1] - The company posted revenues of $15.8 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 8.15%, and down from $17.85 million in the same quarter last year [2] - Over the last four quarters, FNWB has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Stock Performance - FNWB shares have declined approximately 36.5% since the beginning of the year, contrasting with the S&P 500's gain of 22.1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.21 on revenues of $17.7 million, and for the current fiscal year, it is $0.46 on revenues of $66.8 million [7] Industry Outlook - The Zacks Industry Rank indicates that the Banks - West industry is currently in the bottom 39% of over 250 Zacks industries, suggesting potential challenges for FNWB's stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact FNWB's future performance [5]