Associated Banc's Earnings: A Preview

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Associated Banc ASB releases its next round of earnings this Thursday, July 22. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.

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

Wall Street expects EPS of $0.48 and sales around $259.56 million. Associated Banc earnings in the same period a year ago was $0.26 per share. Quarterly sales came in at $444.36 million.

Why Analyst Estimates And Earnings Surprises Are Important

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 match the consensus estimate, earnings would be up 84.62%. Revenue would have fallen 41.59% from the same quarter last year. Here is how the company's reported EPS has compared to analyst estimates in the past:

Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020
EPS Estimate 0.45 0.31 0.20 0.31
EPS Actual 0.58 0.40 0.24 0.26
Revenue Estimate 262.58 M 272.70 M 269.35 M 296.34 M
Revenue Actual 271.25 M 273.71 M 257.69 M 444.36 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

Over the last 52-week period, shares are up 43.71%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. Associated Banc is scheduled to hold the call at 17:00:00 ET and can be accessed here.

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