For the quarter ended March 2024, RBB (RBB - Free Report) reported revenue of $28.25 million, down 22.5% over the same period last year. EPS came in at $0.43, compared to $0.58 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $27.4 million, representing a surprise of +3.10%. The company delivered an EPS surprise of +22.86%, with the consensus EPS estimate being $0.35.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how RBB performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 60.1% versus the two-analyst average estimate of 62.9%.
- Net interest margin: 2.7% versus 2.7% estimated by two analysts on average.
- Net charge-offs to average loans: 0% versus the two-analyst average estimate of 0.1%.
- Net Interest Income: $24.88 million versus the two-analyst average estimate of $25.14 million.
- Gain on sale of loans: $0.31 million compared to the $0.16 million average estimate based on two analysts.
- Total noninterest income: $3.37 million compared to the $2.27 million average estimate based on two analysts.
View all Key Company Metrics for RBB here>>>Shares of RBB have returned +2.2% over the past month versus the Zacks S&P 500 composite's -4% 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.
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
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For the quarter ended March 2024, RBB (RBB - Free Report) reported revenue of $28.25 million, down 22.5% over the same period last year. EPS came in at $0.43, compared to $0.58 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $27.4 million, representing a surprise of +3.10%. The company delivered an EPS surprise of +22.86%, with the consensus EPS estimate being $0.35.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how RBB performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 60.1% versus the two-analyst average estimate of 62.9%.
- Net interest margin: 2.7% versus 2.7% estimated by two analysts on average.
- Net charge-offs to average loans: 0% versus the two-analyst average estimate of 0.1%.
- Net Interest Income: $24.88 million versus the two-analyst average estimate of $25.14 million.
- Gain on sale of loans: $0.31 million compared to the $0.16 million average estimate based on two analysts.
- Total noninterest income: $3.37 million compared to the $2.27 million average estimate based on two analysts.
View all Key Company Metrics for RBB here>>>Shares of RBB have returned +2.2% over the past month versus the Zacks S&P 500 composite's -4% 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.
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
Hurry, Download Special Report FREE >>
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