Group 1: Earnings Performance - Citizens Financial Services reported quarterly earnings of $1.59 per share, exceeding the Zacks Consensus Estimate of $1.38 per share, but down from $1.61 per share a year ago, representing an earnings surprise of 15.22% [1] - The company posted revenues of $25.08 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 3.91% and down from $26.2 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates just once and has topped consensus revenue estimates only once [2] Group 2: Stock Performance and Outlook - Citizens Financial Services shares have declined approximately 7.7% since the beginning of the year, while the S&P 500 has gained 22.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The current consensus EPS estimate for the upcoming quarter is $1.53 on revenues of $26.7 million, and for the current fiscal year, it is $5.31 on revenues of $102.7 million [7] Group 3: Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 18% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5] - The estimate revisions trend for Citizens Financial Services is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6]
Citizens Financial Services (CZFS) Q3 Earnings Top Estimates