On Monday, Independent Bank (NASDAQ: IBTX) will report its last quarter's earnings. Here is Benzinga's preview on the company's latest release.
Earnings and Revenue
Independent Bank EPS is expected to be around 94 cents per share, according to sell-side analysts. Sales will likely be near $85.5 million.
In the same quarter last year, Independent Bank reported EPS of 83 cents per share on revenue of $51 million. If the company were to match the current consensus estimate when it reports Monday, sales would be up 65.54 percent from the year-ago period.
Here's how the company's EPS has stacked up against analyst estimates in the past:
|Quarter||Q3 2017||Q2 2017||Q1 2017|
Q4 EPS Estimate: 94 cents per share
Q4 Revenues Estimate: $85 million
As of Jan. 29, Independent Bank's share price was $73.25. Over the last 52-week period, shares are up 13.9 percent. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Over the past 90 days, analysts' have generally adjusted their estimates higher for EPS and revenues. The average rating by analysts on Independent Bank stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
See more from Benzinga
- Graco Q4 Earnings Preview
- Earnings Preview For Heartland Financial USA
- Earnings Preview For Werner Enterprises
© 2018 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.