We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Unlocking Q1 Potential of ServisFirst (SFBS): Exploring Wall Street Estimates for Key Metrics
Read MoreHide Full Article
In its upcoming report, ServisFirst Bancshares (SFBS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.85 per share, reflecting a decline of 19.8% compared to the same period last year. Revenues are forecasted to be $108.14 million, representing a year-over-year decrease of 5.7%.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific ServisFirst metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Efficiency Ratio' should come in at 41.8%. Compared to the current estimate, the company reported 34.6% in the same quarter of the previous year.
Analysts' assessment points toward 'Net Interest Margin' reaching 2.6%. The estimate is in contrast to the year-ago figure of 3.2%.
The average prediction of analysts places 'Average Balance - Interest-earning Assets' at $15.71 billion. The estimate compares to the year-ago value of $13.95 billion.
Analysts forecast 'Net Interest Income' to reach $100.90 million. Compared to the current estimate, the company reported $108.30 million in the same quarter of the previous year.
The consensus estimate for 'Total Non-interest income' stands at $7.26 million. Compared to the present estimate, the company reported $6.32 million in the same quarter last year.
Shares of ServisFirst have experienced a change of -2.6% in the past month compared to the -1.1% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), SFBS is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unlocking Q1 Potential of ServisFirst (SFBS): Exploring Wall Street Estimates for Key Metrics
In its upcoming report, ServisFirst Bancshares (SFBS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.85 per share, reflecting a decline of 19.8% compared to the same period last year. Revenues are forecasted to be $108.14 million, representing a year-over-year decrease of 5.7%.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific ServisFirst metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Efficiency Ratio' should come in at 41.8%. Compared to the current estimate, the company reported 34.6% in the same quarter of the previous year.
Analysts' assessment points toward 'Net Interest Margin' reaching 2.6%. The estimate is in contrast to the year-ago figure of 3.2%.
The average prediction of analysts places 'Average Balance - Interest-earning Assets' at $15.71 billion. The estimate compares to the year-ago value of $13.95 billion.
Analysts forecast 'Net Interest Income' to reach $100.90 million. Compared to the current estimate, the company reported $108.30 million in the same quarter of the previous year.
The consensus estimate for 'Total Non-interest income' stands at $7.26 million. Compared to the present estimate, the company reported $6.32 million in the same quarter last year.
View all Key Company Metrics for ServisFirst here>>>
Shares of ServisFirst have experienced a change of -2.6% in the past month compared to the -1.1% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), SFBS is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>