The upcoming report from Eagle Bancorp (EGBN) is expected to reveal quarterly loss of -$0.12 per share, indicating a decline of 124% compared to the year-ago period. Analysts forecast revenues of $73.38 million, representing a decline of 2% year over year.
The current level reflects no revision 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.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Eagle Bancorp metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Efficiency Ratio' will reach 58.1%. Compared to the current estimate, the company reported 59.5% in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Total noninterest income' of $7.11 million. The estimate compares to the year-ago value of $4.07 million.
Analysts' assessment points toward 'Net Interest Income' reaching $66.28 million. The estimate is in contrast to the year-ago figure of $70.79 million.
View all Key Company Metrics for Eagle Bancorp here>>>
Shares of Eagle Bancorp have experienced a change of -0.1% in the past month compared to the +1.6% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), EGBN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Eagle Bancorp, Inc. (EGBN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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