Mid Penn Bancorp (MPB) got here out with quarterly earnings of $0.71 per share, lacking the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.73 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -4.05%. 1 / 4 in the past, it was anticipated that this firm would publish earnings of $0.73 per share when it truly produced earnings of $0.75, delivering a shock of two.74%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates thrice.
Mid Penn Bancorp
The sustainability of the inventory’s quick worth motion primarily based on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Mid Penn Bancorp shares have added about 3.3% because the starting of the yr versus the S&P 500’s acquire of two.9%.
What’s Subsequent for Mid Penn Bancorp?
Whereas Mid Penn Bancorp has outperformed the market to date this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist buyers tackle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis reveals a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a formidable monitor file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Mid Penn Bancorp: unfavorable. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #5 (Robust Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.72 on $45.31 million in revenues for the approaching quarter and $3 on $189.69 million in revenues for the present fiscal yr.
Buyers ought to be conscious of the truth that the outlook for the trade can have a cloth impression on the efficiency of the inventory as nicely. By way of the Zacks Trade Rank, Banks – Northeast is presently within the high 24% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the identical trade, First Mid Bancshares (FMBH), has but to report outcomes for the quarter ended December 2024.
This financial institution holding firm is predicted to publish quarterly earnings of $0.82 per share in its upcoming report, which represents a year-over-year change of -12.8%. The consensus EPS estimate for the quarter has been revised 0.7% larger during the last 30 days to the present degree.
First Mid Bancshares’ revenues are anticipated to be $81.65 million, up 3.1% from the year-ago quarter.
Ought to You Spend money on Mid Penn Bancorp (MPB)?
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Zacks Funding Analysis has been dedicated to offering buyers with instruments and unbiased analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a mean acquire of +24.08% per yr. (These returns cowl a interval from January 1, 1988 by Might 6, 2024.)
Mid Penn Bancorp (MPB) : Free Stock Analysis Report
First Mid Bancshares, Inc. (FMBH) : Free Stock Analysis Report
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