Core Insights - USCB Financial Holdings, Inc. reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.32 per share, and showing an increase from $0.19 per share a year ago, resulting in an earnings surprise of 9.38% [1] - The company posted revenues of $21.55 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.02%, compared to $16.18 million in the same quarter last year [2] - USCB Financial shares have increased approximately 19.2% year-to-date, while the S&P 500 has gained 21.9% [3] Earnings Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $0.32 on revenues of $21.24 million, and for the current fiscal year, it is $1.19 on revenues of $80.31 million [7] Estimate Revisions - The trend for estimate revisions prior to the earnings release was unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] Industry Context - The Zacks Industry Rank for Banks - Southeast is currently in the top 36% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]
USCB Financial Holdings, Inc. (USCB) Beats Q3 Earnings and Revenue Estimates