Don't be caught off-guard: Independent Bank (NASDAQ: INDB) releases its next round of earnings Thursday.
Want to skip the homework and get all the facts in one place? We thought so. Here is your everything-that-matters guide for Thursday's Q4 earnings announcement after the bell.
Earnings And Revenue
Analysts predict Independent Bank will report earnings of 90 cents per share on revenue of $88.67 million.
Independent Bank EPS in the same period a year ago totaled 64 cents per share. Revenue was $80 million. The Wall Street estimate would represent an 18.42 percent increase in the company's earnings. Revenue would be have grown 10.13 percent from the same quarter last year.
Here's how the Independent Bank's reported EPS has stacked up against analyst estimates in the past:
|Quarter||Q3 2017||Q2 2017||Q1 2017||Q4 2016|
Q4 EPS Estimate: 90 cents per share
Q4 Revenues Estimate: $88 million
Shares of Independent Bank were trading at $73.95 as of Jan. 18. Over the last 52-week period, shares are up 10.28 percent. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts have been rating Independent Bank stock as Neutral. The strength of this rating has risen over the past three months.
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