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Peoples Bancorp Set to Report Q3 Earnings as Analysts Expect 4% Revenue Growth

NeutralMedium impact
PEBO$36.72 0.27%

Peoples Bancorp Inc. (NASDAQ:PEBO) is scheduled to release its third-quarter financial results tomorrow morning. Wall Street anticipates the regional lender will post a 4% year-over-year increase in quarterly revenue, up from the 3.2% growth recorded during the same period last year. Analysts covering the company have held their estimates steady over the past 30 days, reflecting confidence in the bank's momentum heading into the report.

The upcoming report follows a strong second quarter in which the bank generated $122 million in revenue, representing a 6% annual increase that surpassed market expectations alongside beats on earnings per share and tangible book value per share. The regional banking sector has faced headwinds recently, declining 4.9% on average over the past month, while Peoples Bancorp shares dropped 6% during the same timeframe. Meanwhile, regional peers like Independent Bank and Regions Financial both topped third-quarter revenue estimates by 0.6%, with Independent Bank rising 3.6% after reporting a 7.4% revenue increase.

Investors will be watching to see if Peoples Bancorp can maintain its track record of outperforming Wall Street forecasts. Wall Street analysts hold an average price target of $42.50 for the stock, compared to its recent trading price of $36.72.

Key points

  • Peoples Bancorp Inc. (NASDAQ:PEBO) will release its third-quarter earnings results tomorrow morning.
  • Wall Street expects third-quarter revenue to grow 4% year-over-year.
  • Analysts have maintained their consensus estimates over the past 30 days.
  • Regional banking stocks have declined an average of 4.9% over the past month, with Peoples Bancorp down 6%.
  • The stock has an average analyst price target of $42.50 compared to its recent price of $36.72.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

When will Peoples Bancorp report Q3 earnings?

Peoples Bancorp is scheduled to announce its third-quarter earnings results tomorrow morning.

What are analysts expecting for Peoples Bancorp Q3 revenue growth?

Wall Street expects Peoples Bancorp revenue to grow 4% year-over-year for the third quarter, compared to 3.2% growth in the same period last year.

What is the average analyst price target for Peoples Bancorp?

Analysts have an average price target of $42.50 for Peoples Bancorp, compared to its recent trading price around $36.72.