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Ameris Bancorp (ABCB) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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The upcoming report from Ameris Bancorp (ABCB - Free Report) is expected to reveal quarterly earnings of $1.26 per share, indicating an increase of 8.6% compared to the year-ago period. Analysts forecast revenues of $290.6 million, representing an increase of 7.3% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during 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 typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Ameris Bancorp metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Net interest margin (TE)' stands at 3.6%. Compared to the current estimate, the company reported 3.5% in the same quarter of the previous year.
Analysts forecast 'Efficiency ratio' to reach 52.2%. Compared to the present estimate, the company reported 52.2% in the same quarter last year.
The consensus among analysts is that 'Average Balances - Total Earning Assets' will reach $24.52 billion. The estimate compares to the year-ago value of $23.56 billion.
The collective assessment of analysts points to an estimated 'Net Interest Income (TE)' of $217.70 million. Compared to the current estimate, the company reported $208.70 million in the same quarter of the previous year.
Analysts' assessment points toward 'Total Non-Interest Income' reaching $72.90 million. The estimate compares to the year-ago value of $63.18 million.
Analysts expect 'Net Interest Income' to come in at $218.00 million. Compared to the current estimate, the company reported $207.75 million in the same quarter of the previous year.
Shares of Ameris Bancorp have demonstrated returns of +0.9% over the past month compared to the Zacks S&P 500 composite's +2.7% change. With a Zacks Rank #3 (Hold), ABCB 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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Ameris Bancorp (ABCB) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
The upcoming report from Ameris Bancorp (ABCB - Free Report) is expected to reveal quarterly earnings of $1.26 per share, indicating an increase of 8.6% compared to the year-ago period. Analysts forecast revenues of $290.6 million, representing an increase of 7.3% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during 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 typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Ameris Bancorp metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Net interest margin (TE)' stands at 3.6%. Compared to the current estimate, the company reported 3.5% in the same quarter of the previous year.
Analysts forecast 'Efficiency ratio' to reach 52.2%. Compared to the present estimate, the company reported 52.2% in the same quarter last year.
The consensus among analysts is that 'Average Balances - Total Earning Assets' will reach $24.52 billion. The estimate compares to the year-ago value of $23.56 billion.
The collective assessment of analysts points to an estimated 'Net Interest Income (TE)' of $217.70 million. Compared to the current estimate, the company reported $208.70 million in the same quarter of the previous year.
Analysts' assessment points toward 'Total Non-Interest Income' reaching $72.90 million. The estimate compares to the year-ago value of $63.18 million.
Analysts expect 'Net Interest Income' to come in at $218.00 million. Compared to the current estimate, the company reported $207.75 million in the same quarter of the previous year.
View all Key Company Metrics for Ameris Bancorp here>>>
Shares of Ameris Bancorp have demonstrated returns of +0.9% over the past month compared to the Zacks S&P 500 composite's +2.7% change. With a Zacks Rank #3 (Hold), ABCB 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 >>>>