Sierra Bancorp reported earnings and revenue above expectations, stock performance has outperformed S&P 500

From Nasdaq: 2024-07-22 09:10:02

Sierra Bancorp (BSRR) reported quarterly earnings of $0.71 per share, surpassing the Zacks Consensus Estimate of $0.61 per share and last year’s earnings of $0.67 per share. The company also exceeded revenue expectations, with shares up 17.3% year-to-date compared to the S&P 500’s 15.4% gain.

Sierra Bancorp belongs to the Zacks Banks – West industry and has consistently beat earnings and revenue estimates over the past four quarters. The company’s stock is currently ranked #1 (Strong Buy) by Zacks, indicating potential market outperformance in the near future based on favorable estimate trends.

CVB Financial (CVBF) is expected to release its quarterly earnings report on July 24. Analysts expect earnings of $0.35 per share, down 12.5% year-over-year, with revenues projected at $127.8 million, a 3.3% decrease from the same quarter last year.

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Read more at Nasdaq: Sierra Bancorp (BSRR) Surpasses Q2 Earnings and Revenue Estimates