Citizens & Northern (CZNC) Q3 Earnings and Revenues Lag Estimates

Company Performance - Citizens & Northern (CZNC) reported quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of$0.45 per share, and down from $0.50 per share a year ago, representing an earnings surprise of -8.89$27.49 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.16%, compared to year-ago revenues of 26.15 million [1] - Over the last four quarters, Citizens & Northern has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [1] Stock Performance - Citizens & Northern shares have lost about 10.5% since the beginning of the year, while the S&P 500 has gained 22.5% [2] - The current Zacks Rank for Citizens & Northern is 4 (Sell), indicating expected underperformance in the near future [4] Earnings Outlook - The current consensus EPS estimate for the coming quarter is 0.46 on revenues of $28.3 million, and for the current fiscal year, it is$1.65 on revenues of 109.7 million [4] - The estimate revisions trend for Citizens & Northern is currently unfavorable, which may impact future stock performance [4] Industry Context - The Zacks Industry Rank for Banks - Northeast is in the top 38% of over 250 Zacks industries, suggesting that the industry outlook can significantly affect stock performance [5] - Esquire Financial Holdings, Inc. (ESQ), another company in the same industry, is expected to report quarterly earnings of 1.32 per share, reflecting a year-over-year change of +12.8% [5]