Atlantic Capital ACBI releases its next round of earnings this Friday, July 23. 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
Based on Atlantic Capital management projections, analysts predict EPS of $0.52 on revenue of $28.33 million. Atlantic Capital EPS in the same period a year ago totaled $0.09. Revenue was $23.97 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 477.78% increase in the company's EPS figure. Revenue would be up 18.17% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:
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Over the last 52-week period, shares are up 123.17%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Atlantic Capital is scheduled to hold the call at 13:00:00 ET and can be accessed here.
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