First Internet's Earnings Outlook
First Internet (NASDAQ:INBK) releases its next round of earnings this Wednesday, January 20. Here is Benzinga's essential guide to First Internet's Q4 earnings report.
What Are Earnings, Net Income, 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 covering First Internet modeled for quarterly EPS of $0.85 on revenue of $19.56 million. In the same quarter last year, First Internet posted EPS of $0.72 on sales of $20.78 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
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 when it reports Wednesday, EPS would be up 18.06%. Sales would be down 5.87% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
EPS Estimate | 0.41 | 0.33 | 0.55 | 0.57 |
EPS Actual | 1.03 | 0.40 | 0.62 | 0.72 |
Revenue Estimate | 16.53 M | 15.89 M | 16.18 M | 16.35 M |
Revenue Actual | 28.73 M | 19.40 M | 21.23 M | 20.78 M |
Stock Performance
Shares of First Internet were trading at $30.85 as of January 18. Over the last 52-week period, shares are up 29.99%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. First Internet is scheduled to hold the call at 12:00:00 ET and can be accessed here.
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