Group 1: Earnings Performance - Meridian Bank reported quarterly earnings of $0.49 per share, exceeding the Zacks Consensus Estimate of $0.34 per share, and showing a significant increase from $0.05 per share a year ago, representing an earnings surprise of 44.12% [1] - The company posted revenues of $28.59 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.91%, compared to $25.06 million in the same quarter last year [2] - Over the last four quarters, Meridian Bank has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - Meridian Bank shares have increased approximately 14.3% since the beginning of the year, outperforming the S&P 500's gain of 4% [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 $0.37 on revenues of $26.58 million, and for the current fiscal year, it is $1.75 on revenues of $115.19 million [7] Group 3: Industry Context - The Zacks Industry Rank indicates that the Banks - Northeast sector is currently in the top 18% 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 or through tools like the Zacks Rank [5]
Meridian Bank (MRBK) Tops Q4 Earnings and Revenue Estimates