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Market Overview

Independent Bank Gr's Earnings: A Preview

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On Monday, February 01, Independent Bank Gr (NASDAQ:IBTX) 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 Independent Bank Gr's EPS to be near $1.33 on sales of $152.08 million. Independent Bank Gr reported a profit of $1.32 per share when it published results during the same quarter last year. Sales in that period totaled $143.73 million.

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

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to report earnings in line when it publishes results Monday, quarterly profit would be up 0.76%. Sales would be up 5.81% on a year-over-year basis. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate 1.05 0.91 1.06 1.30
EPS Actual 1.38 1.14 1.01 1.32
Revenue Estimate 147.72 M 141.24 M 141.29 M 142.00 M
Revenue Actual 155.71 M 148.69 M 136.41 M 143.73 M

Stock Performance

Over the last 52-week period, shares of Independent Bank Gr are up 15.37%.

Do not be surprised to see the stock move on comments made during its conference call. Independent Bank Gr is scheduled to hold the call at 08:30:00 ET and can be accessed here.

 

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Posted-In: BZI-EPEarnings