For the quarter ended September 2023, Stock Yards Bancorp (SYBT - Free Report) reported revenue of $84.33 million, down 3.3% over the same period last year. EPS came in at $0.92, compared to $0.97 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $83.7 million, representing a surprise of +0.76%. The company delivered an EPS surprise of +1.10%, with the consensus EPS estimate being $0.91.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Stock Yards performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin [%]: 3.3% versus the three-analyst average estimate of 3.3%.
- Efficiency Ratio [%]: 55.4% versus the three-analyst average estimate of 54.9%.
- Net charge offs to average loans: 0% versus 0.1% estimated by two analysts on average.
- Average Interest- Earning assets [$M]: $7.31 billion versus $7.29 billion estimated by two analysts on average.
- Total non-interest income: $22.90 million versus $22.95 million estimated by two analysts on average.
- Net Interest Income (FTE): $61.44 million versus the two-analyst average estimate of $60.96 million.
View all Key Company Metrics for Stock Yards here>>>Shares of Stock Yards have returned -3.8% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended September 2023, Stock Yards Bancorp (SYBT - Free Report) reported revenue of $84.33 million, down 3.3% over the same period last year. EPS came in at $0.92, compared to $0.97 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $83.7 million, representing a surprise of +0.76%. The company delivered an EPS surprise of +1.10%, with the consensus EPS estimate being $0.91.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Stock Yards performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin [%]: 3.3% versus the three-analyst average estimate of 3.3%.
- Efficiency Ratio [%]: 55.4% versus the three-analyst average estimate of 54.9%.
- Net charge offs to average loans: 0% versus 0.1% estimated by two analysts on average.
- Average Interest- Earning assets [$M]: $7.31 billion versus $7.29 billion estimated by two analysts on average.
- Total non-interest income: $22.90 million versus $22.95 million estimated by two analysts on average.
- Net Interest Income (FTE): $61.44 million versus the two-analyst average estimate of $60.96 million.
View all Key Company Metrics for Stock Yards here>>>Shares of Stock Yards have returned -3.8% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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