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Market Overview

Earnings Preview for WSFS Financial

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On Monday, January 25, WSFS Financial (NASDAQ:WSFS) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Sell-side analysts expect WSFS Financial's EPS to be near $0.91 on sales of $114.62 million. WSFS Financial reported a profit of $0.96 per share when it published results during the same quarter last year. Sales in that period totaled $117.57 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The analyst consensus estimate would represent a 5.21% decrease in the company's earnings. Revenue would have fallen 2.51% from the same quarter last year. WSFS Financial's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate 0.72 0.46 0.69 0.91
EPS Actual 1 -0.46 0.23 0.96
Revenue Estimate 112.96 M 107.89 M 110.59 M 112.72 M
Revenue Actual 113.05 M 108.92 M 116.15 M 117.57 M

Stock Performance

Shares of WSFS Financial were trading at $46.19 as of January 21. Over the last 52-week period, shares are up 11.17%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. WSFS Financial is scheduled to hold the call at 13:00:00 ET and can be accessed here.

 

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Posted-In: BZI-EPEarnings