Colony Bankcorp (CBAN) Lags Q1 Earnings and Revenue Estimates

Group 1: Earnings Performance - Colony Bankcorp reported quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of$ 0.40 per share, but showing an increase from $0.33 per share a year ago, representing an earnings surprise of -5% [1] - The company posted revenues of$ 30 million for the quarter, missing the Zacks Consensus Estimate by 3.92%, compared to year-ago revenues of $28.14 million [2] - Over the last four quarters, Colony Bankcorp has surpassed consensus EPS estimates three times [2] Group 2: Stock Performance and Outlook - Colony Bankcorp shares have declined approximately 5.7% since the beginning of the year, while the S&P 500 has decreased by 10.1% [3] - The current consensus EPS estimate for the upcoming quarter is$ 0.42 on revenues of $31.86 million, and for the current fiscal year, it is$ 1.71 on revenues of $128.12 million [7] - The Zacks Rank for Colony Bankcorp is currently 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Group 3: Industry Context - The Banks - Southeast industry, to which Colony Bankcorp belongs, is currently in the top 29% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5]