Shore Bancshares (SHBI) Q4 Earnings and Revenues Beat Estimates

Core Insights - Shore Bancshares (SHBI) reported quarterly earnings of $0.44 per share, exceeding the Zacks Consensus Estimate of$ 0.34 per share, and showing an increase from $0.39 per share a year ago, resulting in an earnings surprise of 29.41% [1] - The company achieved revenues of$ 52.95 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.84% and increasing from $49.15 million year-over-year [2] - The stock has underperformed the market, losing about 0.8% since the beginning of the year compared to the S&P 500's gain of 2.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.32 on revenues of $50.1 million, and for the current fiscal year, it is$ 1.46 on revenues of $210.4 million [7] - The estimate revisions trend for Shore Bancshares is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 6% of over 250 Zacks industries, suggesting that the industry outlook is positive and can significantly impact stock performance [8]