Wall Street analysts forecast that Equity Bancshares (EQBK) will report quarterly earnings of $0.82 per share in its upcoming release, pointing to a year-over-year decline of 20.4%. It is anticipated that revenues will amount to $55.94 million, exhibiting no change compared to the year-ago quarter.
The current level reflects a downward revision of 3.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Equity Bancshares metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'Average Outstanding Balance - Total interest-earning assets' will likely reach $4.80 billion. Compared to the current estimate, the company reported $4.74 billion in the same quarter of the previous year.
Analysts predict that the 'Net Interest Margin' will reach 4.0%. The estimate compares to the year-ago value of 3.8%.
Analysts forecast 'Efficiency ratio' to reach 66.5%. The estimate is in contrast to the year-ago figure of 65.2%.
The collective assessment of analysts points to an estimated 'Total Non-Interest Income' of $8.35 million. The estimate is in contrast to the year-ago figure of $11.73 million.
According to the collective judgment of analysts, 'Net Interest Income' should come in at $47.59 million. The estimate is in contrast to the year-ago figure of $44.18 million.
View all Key Company Metrics for Equity Bancshares here>>>
Equity Bancshares shares have witnessed a change of -6.1% in the past month, in contrast to the Zacks S&P 500 composite's -5.3% move. With a Zacks Rank #2 (Buy), EQBK is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Equity Bancshares, Inc. (EQBK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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