Orrstown Financial Services (ORRF) reported quarterly earnings of $1.13 per share, exceeding the expected $1.06 per share. This marks a 6.60% surprise. Revenues for the quarter were $64.37 million, beating estimates by 2.01%. The company has outperformed consensus estimates three times in the last four quarters. Shares have decreased by 9% this year compared to the S&P 500’s 14.5% gain.

Investors are now wondering about Orrstown’s future performance. Analysts recommend monitoring the company’s earnings outlook, as it can impact stock movements. The current Zacks Rank for ORRF is #3 (Hold), suggesting it will perform in line with the market. Consensus estimates for upcoming quarters project earnings of $1.06 per share on $63.55 million in revenues.

In the same industry, S&T Bancorp (STBA) is expected to report earnings on October 23. Analysts anticipate quarterly earnings of $0.85 per share, with revenues expected to reach $102.19 million, a 6.1% increase from the previous year’s quarter. The consensus EPS estimate has been revised 1.2% higher in the last 30 days.

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Read more at Nasdaq: Orrstown Financial Services (ORRF) Tops Q3 Earnings and Revenue Estimates