Market Overview

Earnings Preview: CoBiz Financial

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On Thursday, Jan. 25, CoBiz Financial (NASDAQ: COBZ) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings and Revenue

Wall Street analysts see CoBiz Financial reporting earnings of 27 cents per share on revenue of $44 million.

CoBiz Financial earnings in the same period a year ago were 21 cents per share. Quarterly sales came in at $39 million. If the company were to post earnings inline with the current consensus estimate when it reports Thursday, EPS would be up 28.57 percent. Sales would be have grown 13.72 percent from the same quarter last year.

CoBiz Financial's reported EPS has stacked up against analyst estimates in the past like this:

 

Quarter Q3 2017 Q2 2017 Q1 2017 Q4 2016
EPS Estimate 0.24 0.21 0.21 0.21
EPS Actual 0.27 0.23 0.2 0.21

 

Q4 EPS Estimate: 27 cents per share
Q4 Revenues Estimate: $44 million

Stock Performance

As of Jan. 25, CoBiz Financial's current share price was $21.39. For a full 12 months, the return has risen by 23.5 percent. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts generally rate CoBiz Financial stock as Neutral. The strength of this rating has maintained conviction over the past three months.

 

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