Columbia Banking System Earnings Preview
On Thursday, January 28, Columbia Banking System (NASDAQ:COLB) will release its latest earnings report. Check out Benzinga's preview to understand the implications.
Net Income, Earnings, And Earnings Per Share
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Analysts predict Columbia Banking System will report earnings of $0.6 per share on revenue of $148.17 million. In the same quarter last year, Columbia Banking System reported EPS of $0.64 on revenue of $146.62 million.
Why Analyst Estimates And Earnings Surprises Are Important
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
If the company were to match the consensus estimate, earnings would be down 6.25%. Revenue would be up 1.05% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
EPS Estimate | 0.42 | 0.31 | 0.44 | 0.61 |
EPS Actual | 0.63 | 0.52 | 0.20 | 0.64 |
Revenue Estimate | 147.18 M | 144.89 M | 145.57 M | 147.71 M |
Revenue Actual | 147.20 M | 159.11 M | 143.63 M | 146.62 M |
Stock Performance
Shares of Columbia Banking System were trading at $41.53 as of January 26. Over the last 52-week period, shares are up 2.24%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Columbia Banking System is scheduled to hold the call at 13:00:00 ET and can be accessed here.
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