Market Overview

A Preview Of First Midwest Bancorp's Earnings

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On Monday, First Midwest Bancorp (NASDAQ: FMBI) will release its latest earnings report.

Earnings and Revenue

Analysts predict First Midwest Bancorp will report earnings of 36 cents per share on revenue of $163.3 million.

In the same quarter last year, First Midwest Bancorp announced EPS of 32 cents per share on revenue of $127 million. If the company were to match the current consensus estimate when it reports Monday, EPS would be up 12.5 percent. Revenue would be up 28.10 percent on a year-over-year basis.

In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

 

Quarter Q3 2017 Q2 2017 Q1 2017
EPS Estimate 0.36 0.36 0.34
EPS Actual 0.37 0.35 0.34

 

Q4 EPS Estimate: 36 cents per share
Q4 Revenues Estimate: $163 million

Stock Performance

Shares of First Midwest Bancorp were trading at $26.04 as of Jan. 29. Over the last 52-week period, shares are up 6.03 percent. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.

Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with First Midwest Bancorp. The strength of this rating has maintained conviction over the past three months.

 

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