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Unveiling Wintrust (WTFC) Q1 Outlook: Wall Street Estimates for Key Metrics
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Analysts on Wall Street project that Wintrust Financial (WTFC - Free Report) will announce quarterly earnings of $2.42 per share in its forthcoming report, representing a decline of 13.6% year over year. Revenues are projected to reach $573.74 million, increasing 1.4% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Wintrust metrics that are routinely monitored and predicted by Wall Street analysts.
According to the collective judgment of analysts, 'Efficiency Ratio' should come in at 57.7%. Compared to the current estimate, the company reported 53% in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Net Interest Margin' should arrive at 3.6%. The estimate compares to the year-ago value of 3.8%.
Analysts expect 'Average balance - Total earning assets' to come in at $52.41 billion. The estimate is in contrast to the year-ago figure of $48.81 billion.
Analysts forecast 'Leverage Ratio' to reach 9.4%. Compared to the present estimate, the company reported 9.1% in the same quarter last year.
The average prediction of analysts places 'Net interest income - FTE' at $469.57 million. The estimate is in contrast to the year-ago figure of $460.42 million.
Analysts predict that the 'Total Non-Interest Income' will reach $106.73 million. Compared to the present estimate, the company reported $107.77 million in the same quarter last year.
The consensus estimate for 'Net Interest Income' stands at $467.44 million. Compared to the current estimate, the company reported $458 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Wealth management' will likely reach $33.78 million. The estimate is in contrast to the year-ago figure of $29.95 million.
The consensus among analysts is that 'Mortgage banking' will reach $19.25 million. The estimate compares to the year-ago value of $18.26 million.
Analysts' assessment points toward 'Operating lease income, net' reaching $14.52 million. The estimate compares to the year-ago value of $13.05 million.
It is projected by analysts that the 'Service charges on deposit accounts' will reach $14.10 million. The estimate is in contrast to the year-ago figure of $12.90 million.
The collective assessment of analysts points to an estimated 'Other Non-Interest Income' of $20.50 million. Compared to the current estimate, the company reported $21.01 million in the same quarter of the previous year.
Shares of Wintrust have experienced a change of +1.3% in the past month compared to the +1.6% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), WTFC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Unveiling Wintrust (WTFC) Q1 Outlook: Wall Street Estimates for Key Metrics
Analysts on Wall Street project that Wintrust Financial (WTFC - Free Report) will announce quarterly earnings of $2.42 per share in its forthcoming report, representing a decline of 13.6% year over year. Revenues are projected to reach $573.74 million, increasing 1.4% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Wintrust metrics that are routinely monitored and predicted by Wall Street analysts.
According to the collective judgment of analysts, 'Efficiency Ratio' should come in at 57.7%. Compared to the current estimate, the company reported 53% in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Net Interest Margin' should arrive at 3.6%. The estimate compares to the year-ago value of 3.8%.
Analysts expect 'Average balance - Total earning assets' to come in at $52.41 billion. The estimate is in contrast to the year-ago figure of $48.81 billion.
Analysts forecast 'Leverage Ratio' to reach 9.4%. Compared to the present estimate, the company reported 9.1% in the same quarter last year.
The average prediction of analysts places 'Net interest income - FTE' at $469.57 million. The estimate is in contrast to the year-ago figure of $460.42 million.
Analysts predict that the 'Total Non-Interest Income' will reach $106.73 million. Compared to the present estimate, the company reported $107.77 million in the same quarter last year.
The consensus estimate for 'Net Interest Income' stands at $467.44 million. Compared to the current estimate, the company reported $458 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Wealth management' will likely reach $33.78 million. The estimate is in contrast to the year-ago figure of $29.95 million.
The consensus among analysts is that 'Mortgage banking' will reach $19.25 million. The estimate compares to the year-ago value of $18.26 million.
Analysts' assessment points toward 'Operating lease income, net' reaching $14.52 million. The estimate compares to the year-ago value of $13.05 million.
It is projected by analysts that the 'Service charges on deposit accounts' will reach $14.10 million. The estimate is in contrast to the year-ago figure of $12.90 million.
The collective assessment of analysts points to an estimated 'Other Non-Interest Income' of $20.50 million. Compared to the current estimate, the company reported $21.01 million in the same quarter of the previous year.
View all Key Company Metrics for Wintrust here>>>
Shares of Wintrust have experienced a change of +1.3% in the past month compared to the +1.6% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), WTFC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>