BofI Holding Inc (BOFI): Poised For Long-Term Success?
Analysts covering BofI Holding Inc (NASDAQ:BOFI) are predicting double-digit earnings per share growth of 16.12% over the next 12 months. At a current EPS of $2.073, this growth rate means shareholders can expect an impending EPS of $2.407. Today I will look at the latest data in order to investigate whether this expected growth rate is plausible. See our latest analysis for BOFI
How is BOFI going to perform in the future?
BOFI is covered by 7 analysts who by consensus are expecting positive earnings, estimated to rise from current levels of $2.073 to $2.407 next year. This indicates a relatively solid earnings per share growth rate of 16.12% over the next 1-2 years, which is an optimistic outlook in the near term. In the same period we should see the revenue grow from $370M $0M
Basis for the growth
The past can be an insightful indicator for future performance for a stock. We can determine whether this level of expected growth is sustainable and whether the company continues to go from strength to strength. BOFI’s earnings growth last year was 11.96% which indicates that the company’s past performance is quite revealing of future outcome. This means BOFI has already proven its capacity to grow at a strong rate, which should give investors higher conviction of analysts’ consensus prediction for the company’s future growth moving forward.
Next Steps:
For BOFI, I’ve put together three pertinent factors you should look at:
1. Financial Health: Does it have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.
2. Valuation: What is BOFI worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether BOFI is currently mispriced by the market.
3. Other High-Growth Alternatives : Are there other high-growth stocks you could be holding instead of BOFI? Explore our interactive list of stocks with large growth potential to get an idea of what else is out there you may be missing!
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
