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.
Unveiling WSFS (WSFS) Q1 Outlook: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
In its upcoming report, WSFS Financial (WSFS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.49 per share, reflecting an increase of 31.9% compared to the same period last year. Revenues are forecasted to be $271.32 million, representing a year-over-year increase of 5.9%.
The current level reflects a downward revision of 0.7% 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.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link 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.
With that in mind, let's delve into the average projections of some WSFS metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Efficiency Ratio' will reach 59.2%. The estimate is in contrast to the year-ago figure of 59.2%.
Analysts expect 'Net Interest Margin' to come in at 3.8%. The estimate compares to the year-ago value of 3.9%.
The consensus among analysts is that 'Net Interest Income' will reach $183.14 million. Compared to the current estimate, the company reported $175.22 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Total Non-Interest Income' should arrive at $88.18 million. Compared to the current estimate, the company reported $80.90 million in the same quarter of the previous year.
Shares of WSFS have demonstrated returns of +7.7% over the past month compared to the Zacks S&P 500 composite's +8.6% change. With a Zacks Rank #3 (Hold), WSFS 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 >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Unveiling WSFS (WSFS) Q1 Outlook: Wall Street Estimates for Key Metrics
In its upcoming report, WSFS Financial (WSFS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.49 per share, reflecting an increase of 31.9% compared to the same period last year. Revenues are forecasted to be $271.32 million, representing a year-over-year increase of 5.9%.
The current level reflects a downward revision of 0.7% 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.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link 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.
With that in mind, let's delve into the average projections of some WSFS metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Efficiency Ratio' will reach 59.2%. The estimate is in contrast to the year-ago figure of 59.2%.
Analysts expect 'Net Interest Margin' to come in at 3.8%. The estimate compares to the year-ago value of 3.9%.
The consensus among analysts is that 'Net Interest Income' will reach $183.14 million. Compared to the current estimate, the company reported $175.22 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Total Non-Interest Income' should arrive at $88.18 million. Compared to the current estimate, the company reported $80.90 million in the same quarter of the previous year.
View all Key Company Metrics for WSFS here>>>Shares of WSFS have demonstrated returns of +7.7% over the past month compared to the Zacks S&P 500 composite's +8.6% change. With a Zacks Rank #3 (Hold), WSFS 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 >>>> .