Plumas Bancorp (PLBC) Q2 Earnings and Revenues Miss Estimates

Core Viewpoint - Plumas Bancorp reported quarterly earnings of $1.05 per share, missing the Zacks Consensus Estimate of $1.2 per share, representing a -12.50% earnings surprise [1] - The company posted revenues of $20.54 million for the quarter, also missing the Zacks Consensus Estimate by 1.94% [2] Financial Performance - Earnings per share (EPS) for the same quarter last year was $1.14, indicating a year-over-year decline [1] - Over the last four quarters, Plumas Bancorp has surpassed consensus EPS estimates three times [2] - The company has topped consensus revenue estimates three times over the last four quarters [2] Stock Performance - Plumas Bancorp shares have lost about 6% since the beginning of the year, while the S&P 500 has gained 6.2% [3] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.49 on revenues of $24.5 million, and for the current fiscal year, it is $4.28 on revenues of $94.95 million [7] - The estimate revisions trend for Plumas Bancorp was mixed ahead of the earnings release, which could change following the recent report [6] Industry Context - The Zacks Industry Rank for Banks - West is currently in the top 22% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Another company in the same industry, FS Bancorp, is expected to report quarterly earnings of $0.97 per share, reflecting a year-over-year change of -14.2% [9]