Company Performance - Peoples Bancorp reported quarterly earnings of $0.69 per share, missing the Zacks Consensus Estimate of $0.73 per share, and down from $0.85 per share a year ago, representing an earnings surprise of -5.48% [1] - The company posted revenues of $112.35 million for the quarter, missing the Zacks Consensus Estimate by 1.05%, and down from $112.82 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Peoples Bancorp shares have declined approximately 13.1% since the beginning of the year, compared to a decline of -12.3% for the S&P 500 [3] - The current status of estimate revisions for Peoples Bancorp is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is $0.80 on revenues of $113.7 million, and for the current fiscal year, it is $3.23 on revenues of $459.55 million [7] - The outlook for the industry, specifically the Banks - Midwest sector, is favorable, ranking in the top 13% of over 250 Zacks industries, suggesting potential for outperformance [8] Related Company - Civista Bancshares, another company in the same industry, is expected to report quarterly earnings of $0.50 per share, reflecting a year-over-year change of +22%, with revenues anticipated to be $40.09 million, up 8.7% from the previous year [9][10]
Peoples Bancorp (PEBO) Lags Q1 Earnings and Revenue Estimates