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Earnings Estimates Rising for First Mid Bancshares (FMBH): Will It Gain?
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Investors might want to bet on First Mid Bancshares (FMBH - Free Report) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.
The upward trend in estimate revisions for this bank holding company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For First Mid Bancshares, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year.
Current-Quarter Estimate Revisions
The earnings estimate of $0.84 per share for the current quarter represents a change of +9.09% from the number reported a year ago.
Over the last 30 days, the Zacks Consensus Estimate for First Mid Bancshares has increased 10.84% because three estimates have moved higher compared to no negative revisions.
Current-Year Estimate Revisions
For the full year, the earnings estimate of $3.40 per share represents a change of -2.86% from the year-ago number.
In terms of estimate revisions, the trend for the current year also appears quite encouraging for First Mid Bancshares. Over the past month, four estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 5.33%.
Favorable Zacks Rank
The promising estimate revisions have helped First Mid Bancshares earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom Line
Investors have been betting on First Mid Bancshares because of its solid estimate revisions, as evident from the stock's 12.1% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.
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Earnings Estimates Rising for First Mid Bancshares (FMBH): Will It Gain?
Investors might want to bet on First Mid Bancshares (FMBH - Free Report) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.
The upward trend in estimate revisions for this bank holding company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For First Mid Bancshares, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year.
Current-Quarter Estimate Revisions
The earnings estimate of $0.84 per share for the current quarter represents a change of +9.09% from the number reported a year ago.
Over the last 30 days, the Zacks Consensus Estimate for First Mid Bancshares has increased 10.84% because three estimates have moved higher compared to no negative revisions.
Current-Year Estimate Revisions
For the full year, the earnings estimate of $3.40 per share represents a change of -2.86% from the year-ago number.
In terms of estimate revisions, the trend for the current year also appears quite encouraging for First Mid Bancshares. Over the past month, four estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 5.33%.
Favorable Zacks Rank
The promising estimate revisions have helped First Mid Bancshares earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom Line
Investors have been betting on First Mid Bancshares because of its solid estimate revisions, as evident from the stock's 12.1% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.