We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Axos Financial (AX) Reports Q1 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
For the quarter ended September 2023, Axos Financial (AX - Free Report) reported revenue of $245.66 million, up 18.3% over the same period last year. EPS came in at $1.41, compared to $1.18 in the year-ago quarter.
The reported revenue represents a surprise of +1.72% over the Zacks Consensus Estimate of $241.52 million. With the consensus EPS estimate being $1.35, the EPS surprise was +4.44%.
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 Axos Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 4.4% compared to the 4.3% average estimate based on four analysts.
Efficiency ratio: 49.1% compared to the 47% average estimate based on four analysts.
Net charge-offs to average loans: 0% versus the three-analyst average estimate of 0.1%.
Average Interest-Earning Assets: $19.36 billion compared to the $19.45 billion average estimate based on three analysts.
Total Non-performing loans: $106.93 million versus the two-analyst average estimate of $96.61 million.
Total Non-performing Assets: $115.71 million compared to the $103.86 million average estimate based on two analysts.
Total Non-Interest Income: $34.51 million compared to the $33.13 million average estimate based on four analysts.
Net Interest Income: $211.16 million versus the four-analyst average estimate of $208.64 million.
Mortgage Banking Income: $3.88 million versus $1.50 million estimated by two analysts on average.
Prepayment penalty fee income: $1.58 million compared to the $1.88 million average estimate based on two analysts.
Banking and service fees: $8.35 million compared to the $8.23 million average estimate based on two analysts.
Broker-dealer fee income: $12.48 million versus $17.64 million estimated by two analysts on average.
Shares of Axos Financial have returned +1.2% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Axos Financial (AX) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Axos Financial (AX - Free Report) reported revenue of $245.66 million, up 18.3% over the same period last year. EPS came in at $1.41, compared to $1.18 in the year-ago quarter.
The reported revenue represents a surprise of +1.72% over the Zacks Consensus Estimate of $241.52 million. With the consensus EPS estimate being $1.35, the EPS surprise was +4.44%.
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 Axos Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 4.4% compared to the 4.3% average estimate based on four analysts.
- Efficiency ratio: 49.1% compared to the 47% average estimate based on four analysts.
- Net charge-offs to average loans: 0% versus the three-analyst average estimate of 0.1%.
- Average Interest-Earning Assets: $19.36 billion compared to the $19.45 billion average estimate based on three analysts.
- Total Non-performing loans: $106.93 million versus the two-analyst average estimate of $96.61 million.
- Total Non-performing Assets: $115.71 million compared to the $103.86 million average estimate based on two analysts.
- Total Non-Interest Income: $34.51 million compared to the $33.13 million average estimate based on four analysts.
- Net Interest Income: $211.16 million versus the four-analyst average estimate of $208.64 million.
- Mortgage Banking Income: $3.88 million versus $1.50 million estimated by two analysts on average.
- Prepayment penalty fee income: $1.58 million compared to the $1.88 million average estimate based on two analysts.
- Banking and service fees: $8.35 million compared to the $8.23 million average estimate based on two analysts.
- Broker-dealer fee income: $12.48 million versus $17.64 million estimated by two analysts on average.
View all Key Company Metrics for Axos Financial here>>>Shares of Axos Financial have returned +1.2% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.