Citizens Community Bancorp Inc reports results for the quarter ended September 30 - Earnings Summary

What happened

Citizens Community Bancorp reported quarterly adjusted earnings of 56 cents per share, above analysts' 47-cent average estimate. Revenue rose 2.3% to $14.49 million, below the $17.40 million analysts expected. The company reported quarterly net income of $5.41 million.

Confirmed

Global impact / market context

Earnings beat expectations while revenue fell short, meaning the bank kept more profit per sale, which is profit margin. That mix can support the shares even as slower revenue growth raises questions about future business expansion.

Analyst inference

The $23.50 median price target sits 8.9% above the $21.42 last close, and the average analyst rating is buy. Earnings estimates were cut about 3.1% over three months, which means analysts lowered their profit forecasts.

Analyst inference

What to watch

1. Analysts currently rate the shares buy on average, with one buy or strong buy, one hold and no sell ratings, so watch whether that split changes after this revenue miss. Confirmed
2. Watch whether the company gives guidance on lifting revenue toward analyst expectations, since results fell $14.49 million versus $17.40 million expected and future growth depends on closing that gap. Proposed
3. Watch whether earnings estimates keep falling, because the mean estimate dropped about 3.1% in three months even though the last 30 days brought no revisions. Analyst inference

Evidence

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