Banc of California BANC releases its next round of earnings this Thursday, July 22. Here is Benzinga's essential guide to Banc of California's Q2 earnings report.
What Are Earnings, Net Income, 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 Banc of California's EPS to be near $0.27 on sales of $58.93 million. In the same quarter last year, Banc of California reported a loss per share of $0.44 on revenue of $55.31 million.
Why Analyst Estimates And Earnings Surprises Are Important
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 161.36% increase in the company's earnings. Revenue would be have grown 6.54% from the same quarter last year. Banc of California's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.24 | 0.18 | 0.15 | -0.39 |
| EPS Actual | 0.25 | 0.35 | 0.24 | -0.44 |
| Revenue Estimate | 62.54 M | 58.16 M | 59.06 M | 55.34 M |
| Revenue Actual | 57.92 M | 61.56 M | 55.85 M | 55.31 M |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Shares of Banc of California were trading at $16.24 as of July 20. Over the last 52-week period, shares are up 52.28%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Banc of California is scheduled to hold the call at 11:00:00 ET and can be accessed here.
© 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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