Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
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 |
| EPS Estimate | 0.89 | 0.81 | 0.81 |
| EPS Actual | 0.89 | 0.82 | 0.84 |
Q4 EPS Estimate: 94 cents per share
Q4 Revenues Estimate: $85 million
Stock Performance
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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.