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On Tuesday, October 13, First Republic Bank (NYSE: FRC) will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
Based on management's projections, First Republic Bank analysts model for earnings of $1.39 per share on sales of $955.96 million. First Republic Bank reported a profit of $1.31 per share when it published results during the same quarter last year. Sales in that period totaled $837.19 million. The Wall Street consensus estimate for earnings would represent a 6.11% increase for the company. Sales would be up 14.19% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
Shares of First Republic Bank were trading at $123.58 as of October 09. Over the last 52-week period, shares are up 19.99%. 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 Republic Bank is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://globalmeet.webcasts.com/starthere.jsp?ei=1374793&tp_key=88320a7b69
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