Independent Bank IBCP announces its next round of earnings this Thursday, Oct. 25. Here's Benzinga's advanced look at Independent Bank's Q3 earnings report.
Earnings and Revenue
Wall Street expects EPS of 46 cents and sales around $29.37 million.
In the same quarter last year, Independent Bank reported earnings per share of 32 cents on sales of $22.9 million. If the company were to match the consensus estimate when it reports Thursday, earnings would be up 43.75 percent. Sales would be up 28.19 percent from the same quarter last year. Here's how the company's reported EPS has compared to analyst estimates in the past:
| Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
| EPS Estimate | 0.4 | 0.37 | 0.33 | 0.33 |
| EPS Actual | 0.36 | 0.42 | 0.35 | 0.32 |
Stock Performance
Over the last 52-week period, shares of Independent Bank are up 0.75 percent. Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The popular rating by analysts on Independent Bank stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Independent Bank's Q3 conference call is scheduled to begin at 11:00 a.m. ET and can be accessed here: https://services.choruscall.com/links/ibcp181025.html
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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