CB Financial Services (CBFV) Beats Q1 Earnings Estimates

Core Insights - CB Financial Services (CBFV) reported quarterly earnings of $0.50 per share, exceeding the Zacks Consensus Estimate of $0.43 per share, but down from $0.62 per share a year ago [1] - The earnings surprise was 16.28%, following a previous quarter where the company reported earnings of $0.35 per share against an expectation of $0.46, resulting in a surprise of -23.91% [2] - The company posted revenues of $12.1 million for the quarter, missing the Zacks Consensus Estimate by 3.22%, and down from $13.51 million year-over-year [3] Financial Performance - Over the last four quarters, CB Financial Services has surpassed consensus EPS estimates two times [2] - The company has also topped consensus revenue estimates two times in the last four quarters [3] - The current consensus EPS estimate for the upcoming quarter is $0.44, with expected revenues of $12.9 million, and for the current fiscal year, the estimate is $1.82 on revenues of $52.3 million [8] Market Position - CB Financial Services shares have increased by approximately 0.9% since the beginning of the year, contrasting with a -10.1% decline in the S&P 500 [4] - The Zacks Industry Rank for Banks - Northeast, to which CB Financial Services belongs, is currently in the top 23% of over 250 Zacks industries, indicating a favorable industry outlook [9] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and the trends in earnings estimate revisions [4][5] - The current estimate revisions trend for CB Financial Services is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [7]