Bar Harbor Bankshares (BHB) Surpasses Q4 Earnings and Revenue Estimates

Group 1: Earnings Performance - Bar Harbor Bankshares (BHB) reported quarterly earnings of $0.72 per share, exceeding the Zacks Consensus Estimate of$ 0.69 per share, and up from $0.68 per share a year ago, representing an earnings surprise of 4.35% [1] - The company posted revenues of$ 38.46 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.42%, compared to year-ago revenues of $37.64 million [2] - Over the last four quarters, Bar Harbor has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Bar Harbor shares have declined approximately 0.1% since the beginning of the year, while the S&P 500 has gained 3.5% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is$ 0.68 on revenues of $38.5 million, and$ 2.80 on revenues of $156 million for the current fiscal year [7] Group 3: Industry Context - The Zacks Industry Rank indicates that the Banks - Northeast sector is currently in the top 20% of over 250 Zacks industries, suggesting a favorable environment for stocks in this category [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The current estimate revisions trend for Bar Harbor is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6]