Bar Harbor Bankshares (BHB) exceeded earnings expectations with $0.80 per share, compared to $0.73 a year ago, beating the Zacks Consensus Estimate of $0.68 per share. This represents an earnings surprise of 17.65%. The company’s revenues for the quarter ended September 2024 were $38.61 million, surpassing estimates by 3.52%.

The stock has underperformed the market this year, raising questions about its future performance. With a Zacks Rank of #3 (Hold), the company’s earnings outlook and estimate revisions will play a crucial role. Investors should track industry trends as well, as Banks – Northeast is currently in the top 21% of Zacks industries.

In comparison, Northeast Community Bancorp (NECB) is expected to report earnings of $0.91 per share for the same quarter, a 13.8% increase year-over-year. The company’s revenues are projected to be $26.53 million, a 4.7% rise from the previous year. The consensus EPS estimate has been revised 29.9% higher in the last 30 days.

For investors considering Bar Harbor Bankshares, Inc. (BHB), analyzing the company’s earnings outlook and estimate revisions is crucial. With a Zacks Rank of #3 (Hold), the stock is expected to perform in line with the market. It’s essential to stay informed about industry trends and the latest recommendations from Zacks Investment Research.

Read more at Nasdaq: Bar Harbor Bankshares (BHB) Surpasses Q3 Earnings and Revenue Estimates