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Unveiling Atlantic Union (AUB) Q3 Outlook: Wall Street Estimates for Key Metrics
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Wall Street analysts forecast that Atlantic Union (AUB - Free Report) will report quarterly earnings of $0.96 per share in its upcoming release, pointing to a year-over-year increase of 14.3%. It is anticipated that revenues will amount to $391.81 million, exhibiting an increase of 4.4% compared to the year-ago quarter.
The current level reflects a downward revision of 0.1% 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 Atlantic Union metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 50.7%. Compared to the present estimate, the company reported 64.3% in the same quarter last year.
Analysts predict that the 'Net Interest Margin' will reach 3.9%. The estimate compares to the year-ago value of 3.8%.
The combined assessment of analysts suggests that 'Average Balance - Total earning assets' will likely reach $34.11 billion. Compared to the present estimate, the company reported $33.56 billion in the same quarter last year.
The consensus among analysts is that 'Tier 1 capital ratio' will reach 10.8%. Compared to the current estimate, the company reported 10.5% in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Total capital ratio' should arrive at 14.0%. Compared to the current estimate, the company reported 13.8% in the same quarter of the previous year.
Analysts expect 'Total Noninterest Income' to come in at $57.34 million. The estimate compares to the year-ago value of $51.75 million.
According to the collective judgment of analysts, 'Fiduciary and asset management fees' should come in at $21.13 million. The estimate is in contrast to the year-ago figure of $18.60 million.
Analysts forecast 'Bank owned life insurance income' to reach $5.43 million. Compared to the present estimate, the company reported $5.12 million in the same quarter last year.
It is projected by analysts that the 'Net interest income (FTE)' will reach $334.83 million. The estimate compares to the year-ago value of $323.63 million.
Analysts' assessment points toward 'Interchange fees, net' reaching $4.00 million. Compared to the present estimate, the company reported $4.09 million in the same quarter last year.
The average prediction of analysts places 'Service charges on deposit accounts' at $12.81 million. Compared to the present estimate, the company reported $12.84 million in the same quarter last year.
The consensus estimate for 'Loan-related interest rate swap fees' stands at $5.31 million. The estimate is in contrast to the year-ago figure of $5.91 million.
Atlantic Union shares have witnessed a change of -4.3% in the past month, in contrast to the Zacks S&P 500 composite's +1.4% move. With a Zacks Rank #3 (Hold), AUB is expected closely follow 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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Unveiling Atlantic Union (AUB) Q3 Outlook: Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Atlantic Union (AUB - Free Report) will report quarterly earnings of $0.96 per share in its upcoming release, pointing to a year-over-year increase of 14.3%. It is anticipated that revenues will amount to $391.81 million, exhibiting an increase of 4.4% compared to the year-ago quarter.
The current level reflects a downward revision of 0.1% 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 Atlantic Union metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 50.7%. Compared to the present estimate, the company reported 64.3% in the same quarter last year.
Analysts predict that the 'Net Interest Margin' will reach 3.9%. The estimate compares to the year-ago value of 3.8%.
The combined assessment of analysts suggests that 'Average Balance - Total earning assets' will likely reach $34.11 billion. Compared to the present estimate, the company reported $33.56 billion in the same quarter last year.
The consensus among analysts is that 'Tier 1 capital ratio' will reach 10.8%. Compared to the current estimate, the company reported 10.5% in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Total capital ratio' should arrive at 14.0%. Compared to the current estimate, the company reported 13.8% in the same quarter of the previous year.
Analysts expect 'Total Noninterest Income' to come in at $57.34 million. The estimate compares to the year-ago value of $51.75 million.
According to the collective judgment of analysts, 'Fiduciary and asset management fees' should come in at $21.13 million. The estimate is in contrast to the year-ago figure of $18.60 million.
Analysts forecast 'Bank owned life insurance income' to reach $5.43 million. Compared to the present estimate, the company reported $5.12 million in the same quarter last year.
It is projected by analysts that the 'Net interest income (FTE)' will reach $334.83 million. The estimate compares to the year-ago value of $323.63 million.
Analysts' assessment points toward 'Interchange fees, net' reaching $4.00 million. Compared to the present estimate, the company reported $4.09 million in the same quarter last year.
The average prediction of analysts places 'Service charges on deposit accounts' at $12.81 million. Compared to the present estimate, the company reported $12.84 million in the same quarter last year.
The consensus estimate for 'Loan-related interest rate swap fees' stands at $5.31 million. The estimate is in contrast to the year-ago figure of $5.91 million.
View all Key Company Metrics for Atlantic Union here>>>Atlantic Union shares have witnessed a change of -4.3% in the past month, in contrast to the Zacks S&P 500 composite's +1.4% move. With a Zacks Rank #3 (Hold), AUB is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .