MVB Financial (MVBF) reported a quarterly loss of $0.75 per share, missing the Zacks Consensus Estimate of $0.29. This is compared to earnings of $0.16 per share last year, with an earnings surprise of -358.62%. The company’s revenues of $27.1 million also fell short of expectations.

Despite the disappointing results, MVB Financial has outperformed the market this year, with shares up 30.6%. The stock’s future performance will depend on management’s commentary and earnings outlook. The current Zacks Rank for MVBF is #2 (Buy), suggesting potential outperformance in the near future.

Investors should pay attention to upcoming earnings estimates for MVB Financial, with a consensus EPS estimate of $0.45 for the next quarter. The company’s industry, Banks – Northeast, is currently in the top 14% of Zacks-ranked industries, indicating potential for strong performance compared to other sectors.

In the same industry, HarborOne Bancorp (HONE) is expected to report quarterly earnings of $0.21 per share, representing a 110% increase year-over-year. The company’s revenues are expected to reach $44.3 million, up 4.3% from the previous year. Stay updated on the latest stock analysis reports for MVBF and HONE from Zacks Investment Research.

Read more at Nasdaq: MVB Financial (MVBF) Reports Q3 Loss, Lags Revenue Estimates