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Unlocking Q1 Potential of Ameris Bancorp (ABCB): Exploring Wall Street Estimates for Key Metrics
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The upcoming report from Ameris Bancorp (ABCB - Free Report) is expected to reveal quarterly earnings of $1.54 per share, indicating an increase of 20.3% compared to the year-ago period. Analysts forecast revenues of $309.07 million, representing an increase of 7.8% year over year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
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 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.
With that in mind, let's delve into the average projections of some Ameris Bancorp metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts forecast 'Net interest margin (TE)' to reach 3.8%. Compared to the current estimate, the company reported 3.7% in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Efficiency ratio' of 50.6%. Compared to the present estimate, the company reported 52.8% in the same quarter last year.
Analysts' assessment points toward 'Book value per share (period end)' reaching $61.19 . The estimate is in contrast to the year-ago figure of $55.49 .
Analysts expect 'Nonaccrual loans' to come in at $102.47 million. Compared to the current estimate, the company reported $99.67 million in the same quarter of the previous year.
The average prediction of analysts places 'Average Balances - Total Earning Assets' at $25.72 billion. The estimate compares to the year-ago value of $24.21 billion.
Based on the collective assessment of analysts, 'Total non-performing assets' should arrive at $114.30 million. Compared to the current estimate, the company reported $115.46 million in the same quarter of the previous year.
The consensus among analysts is that 'Net Interest Income (TE)' will reach $242.69 million. Compared to the current estimate, the company reported $222.77 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Total Non-Interest Income' should come in at $66.35 million. Compared to the current estimate, the company reported $64.02 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Net Interest Income' will likely reach $242.66 million. The estimate is in contrast to the year-ago figure of $221.84 million.
Ameris Bancorp shares have witnessed a change of +10.3% in the past month, in contrast to the Zacks S&P 500 composite's +8.6% move. With a Zacks Rank #2 (Buy), ABCB is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unlocking Q1 Potential of Ameris Bancorp (ABCB): Exploring Wall Street Estimates for Key Metrics
The upcoming report from Ameris Bancorp (ABCB - Free Report) is expected to reveal quarterly earnings of $1.54 per share, indicating an increase of 20.3% compared to the year-ago period. Analysts forecast revenues of $309.07 million, representing an increase of 7.8% year over year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
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 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.
With that in mind, let's delve into the average projections of some Ameris Bancorp metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts forecast 'Net interest margin (TE)' to reach 3.8%. Compared to the current estimate, the company reported 3.7% in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Efficiency ratio' of 50.6%. Compared to the present estimate, the company reported 52.8% in the same quarter last year.
Analysts' assessment points toward 'Book value per share (period end)' reaching $61.19 . The estimate is in contrast to the year-ago figure of $55.49 .
Analysts expect 'Nonaccrual loans' to come in at $102.47 million. Compared to the current estimate, the company reported $99.67 million in the same quarter of the previous year.
The average prediction of analysts places 'Average Balances - Total Earning Assets' at $25.72 billion. The estimate compares to the year-ago value of $24.21 billion.
Based on the collective assessment of analysts, 'Total non-performing assets' should arrive at $114.30 million. Compared to the current estimate, the company reported $115.46 million in the same quarter of the previous year.
The consensus among analysts is that 'Net Interest Income (TE)' will reach $242.69 million. Compared to the current estimate, the company reported $222.77 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Total Non-Interest Income' should come in at $66.35 million. Compared to the current estimate, the company reported $64.02 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Net Interest Income' will likely reach $242.66 million. The estimate is in contrast to the year-ago figure of $221.84 million.
View all Key Company Metrics for Ameris Bancorp here>>>Ameris Bancorp shares have witnessed a change of +10.3% in the past month, in contrast to the Zacks S&P 500 composite's +8.6% move. With a Zacks Rank #2 (Buy), ABCB is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .