Shore Bancshares (SHBI) Tops Q1 Earnings and Revenue Estimates

Company Performance - Shore Bancshares reported quarterly earnings of $0.45 per share, exceeding the Zacks Consensus Estimate of $0.35 per share, and up from $0.41 per share a year ago, representing an earnings surprise of 28.57% [1] - The company posted revenues of $53.03 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.74%, compared to $47.78 million in the same quarter last year [2] - Over the last four quarters, Shore Bancshares has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Stock Performance and Outlook - Shore Bancshares shares have declined approximately 17.1% since the beginning of the year, while the S&P 500 has decreased by 6% [3] - The current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of $52.16 million, and for the current fiscal year, it is $1.56 on revenues of $212.21 million [7] - The estimate revisions trend for Shore Bancshares is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Banks - Northeast industry, to which Shore Bancshares belongs, is currently in the top 21% 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 be tracked by investors [5]