Community Trust Bancorp (CTBI) Beats Q1 Earnings and Revenue Estimates

Group 1: Earnings Performance - Community Trust Bancorp (CTBI) reported quarterly earnings of $1.22 per share, exceeding the Zacks Consensus Estimate of $1.19 per share, and up from $1.04 per share a year ago [1] - The earnings surprise for this quarter was 2.52%, following a previous quarter where the company reported earnings of $1.25 per share against an expectation of $1.20, resulting in a surprise of 4.17% [2] - Over the last four quarters, the company has consistently surpassed consensus EPS estimates [2] Group 2: Revenue Performance - The company posted revenues of $66.16 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.79% and increasing from $59.02 million year-over-year [3] - Community Trust Bancorp has also topped consensus revenue estimates in each of the last four quarters [3] Group 3: Stock Performance and Outlook - Community Trust Bancorp shares have declined approximately 11.3% since the beginning of the year, compared to a decline of 8.3% for the S&P 500 [4] - The current consensus EPS estimate for the upcoming quarter is $1.24 on revenues of $66 million, and for the current fiscal year, it is $5.01 on revenues of $268 million [8] - The estimate revisions trend for the company is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [7] Group 4: Industry Context - The Zacks Industry Rank for Banks - Southeast, to which Community Trust Bancorp belongs, is currently in the bottom 42% of over 250 Zacks industries, suggesting potential challenges ahead [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment [6]