Midland States Bancorp shares have lost about 27.6% since the beginning of the year versus the S&P 500's gain of 5.6%. What's Next for Midland States Bancorp? While Midland States Bancorp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook.