Compared to Estimates, Axos Financial (AX) Q4 Earnings: A Look at Key Metrics
Axos Financial (AX) reported $236.46 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 22.8%. EPS of $1.50 for the same period compares to $1.12 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $227.98 million, representing a surprise of +3.72%. The company delivered an EPS surprise of +18.11%, with the consensus EPS estimate being $1.27.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Axos Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency ratio: 47.56% versus the four-analyst average estimate of 47.35%.
Net Interest Margin: 4.19% versus the four-analyst average estimate of 4.27%.
Net charge-offs to average loans: 0.04% versus the three-analyst average estimate of 0.1%.
Average Interest-Earning Assets: $19.47 billion versus the three-analyst average estimate of $18.46 billion.
Total Non-Interest Income: $32.71 million versus the four-analyst average estimate of $31.80 million.
Net Interest Income: $203.75 million versus the four-analyst average estimate of $196.18 million.
Mortgage Banking Income: $1.99 million versus $1.50 million estimated by two analysts on average.
Prepayment penalty fee income: $1.61 million versus $1.88 million estimated by two analysts on average.
Banking and service fees: $7.84 million versus the two-analyst average estimate of $8.75 million.
Broker-dealer fee income: $13.77 million compared to the $17.38 million average estimate based on two analysts.
View all Key Company Metrics for Axos Financial here>>>
Shares of Axos Financial have returned +26.4% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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AXOS FINANCIAL, INC (AX) : Free Stock Analysis Report
