HBT Financial reported quarterly earnings of $0.57 per share, meeting the Zacks Consensus Estimate. However, revenue for the quarter missed expectations, coming in at $52.31 million, a 7.07% shortfall from the consensus estimate. Despite the revenue miss, HBT Financial’s earnings met expectations. Over the last four quarters, the company has surpassed consensus EPS estimates only once.
The company’s underperformance in the first quarter is reflected in its stock price, which has lost about 12.3% since the beginning of the year. However, the company’s Zacks Rank #2 (Buy) suggests that it is expected to outperform the market in the near future. This is supported by favorable earnings estimate revisions for the coming quarters.
The current consensus EPS estimate is $0.55 on $56.71 million in revenues for the coming quarter and $2.24 on $227.51 million in revenues for the current fiscal year. It is important to note that the outlook for the banking industry can also impact HBT Financial’s performance. Currently, the Zacks Industry Rank for Banks – Northeast is in the bottom 40% of Zacks industries, which could potentially limit the company’s growth prospects.
Overall, while HBT Financial’s revenue miss may be a concern, its positive earnings estimate revisions and Zacks Rank #2 (Buy) suggest that the stock is poised for a rebound in the near future.
