Central Valley Community Bancorp reported $21.8 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 5.9%. EPS of $0.54 for the same period compares to $0.56 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $22.37 million, representing a surprise of -2.54%. The company delivered an EPS surprise of -8.47%, with the consensus EPS estimate being $0.59.
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 Central Valley Community Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 65.24% versus the three-analyst average estimate of 55.52%.
- Net Interest Margin: 3.46% compared to the 3.58% average estimate based on three analysts.
- Average Interest-Earning Assets: $2.39 billion versus the two-analyst average estimate of $2.37 billion.
- Total Non Interest Income: $1.59 million compared to the $1.63 million average estimate based on three analysts.
- Net Interest Income: $20.21 million versus the three-analyst average estimate of $20.74 million.
View all Key Company Metrics for Central Valley Community Bancorp here>>>Shares of Central Valley Community Bancorp have returned +9% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Central Valley Community Bancorp (CVCY) Q2 Earnings: A Look at Key Metrics
Central Valley Community Bancorp reported $21.8 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 5.9%. EPS of $0.54 for the same period compares to $0.56 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $22.37 million, representing a surprise of -2.54%. The company delivered an EPS surprise of -8.47%, with the consensus EPS estimate being $0.59.
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 Central Valley Community Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 65.24% versus the three-analyst average estimate of 55.52%.
- Net Interest Margin: 3.46% compared to the 3.58% average estimate based on three analysts.
- Average Interest-Earning Assets: $2.39 billion versus the two-analyst average estimate of $2.37 billion.
- Total Non Interest Income: $1.59 million compared to the $1.63 million average estimate based on three analysts.
- Net Interest Income: $20.21 million versus the three-analyst average estimate of $20.74 million.
View all Key Company Metrics for Central Valley Community Bancorp here>>>Shares of Central Valley Community Bancorp have returned +9% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.