1st Source (US:SRCE) ZACKSยท2025-07-24 22:56Company Performance - 1st Source reported quarterly earnings of $1.51 per share, exceeding the Zacks Consensus Estimate of $1.49 per share, and showing an increase from $1.49 per share a year ago, resulting in an earnings surprise of +1.34% [1] - The company achieved revenues of $108.25 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.12% and up from $97.27 million year-over-year [2] - Over the last four quarters, 1st Source has consistently surpassed consensus EPS and revenue estimates [2] Stock Outlook - The stock has gained approximately 8.2% since the beginning of the year, slightly outperforming the S&P 500's gain of 8.1% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $1.45 on revenues of $105.7 million, and for the current fiscal year, it is $5.97 on revenues of $421.8 million [7] Industry Context - The Zacks Industry Rank for Banks - Midwest, to which 1st Source belongs, is currently in the top 29% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The favorable estimate revisions trend prior to the earnings release has resulted in a Zacks Rank 2 (Buy) for 1st Source, suggesting expected outperformance in the near future [6]