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RBB (RBB) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended September 2023, RBB (RBB - Free Report) reported revenue of $35.32 million, down 14.9% over the same period last year. EPS came in at $0.63, compared to $0.87 in the year-ago quarter.

The reported revenue represents a surprise of +9.19% over the Zacks Consensus Estimate of $32.35 million. With the consensus EPS estimate being $0.47, the EPS surprise was +34.04%.

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 RBB performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Efficiency Ratio: 47.8% compared to the 55.9% average estimate based on two analysts.
  • Net charge-offs to average loans: 0.3% versus the two-analyst average estimate of 0.1%.
  • Net Interest Margin: 2.9% compared to the 3.1% average estimate based on two analysts.
  • Total Noninterest income: $7.73 million versus $2.41 million estimated by two analysts on average.
  • Net Interest Income: $27.59 million versus the two-analyst average estimate of $29.43 million.
View all Key Company Metrics for RBB here>>>

Shares of RBB have returned -9% over the past month versus the Zacks S&P 500 composite's -4% 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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