First Mid Bancshares (FMBH) Q3 Earnings Miss Estimates

Group 1: Earnings Performance - First Mid Bancshares reported quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of$ 0.84 per share, but showing an increase from $0.77 per share a year ago, resulting in an earnings surprise of -1.19% [1] - The company posted revenues of$ 80.57 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.34%, compared to year-ago revenues of $73.5 million [2] Group 2: Stock Performance and Outlook - First Mid Bancshares shares have increased approximately 12.8% since the beginning of the year, while the S&P 500 has gained 21.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] Group 3: Estimate Revisions and Industry Context - The estimate revisions trend for First Mid Bancshares is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] - The current consensus EPS estimate for the upcoming quarter is$ 0.84 on revenues of $80.15 million, and for the current fiscal year, it is$ 3.47 on revenues of $318.55 million [7] - The Banks - Northeast industry, to which First Mid Bancshares belongs, is currently in the top 15% of over 250 Zacks industries, suggesting a positive outlook for stocks in this sector [8]