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.
Countdown to Old National Bancorp (ONB) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
Read MoreHide Full Article
The upcoming report from Old National Bancorp (ONB - Free Report) is expected to reveal quarterly earnings of $0.66 per share, indicating an increase of 11.9% compared to the year-ago period. Analysts forecast revenues of $735.94 million, representing an increase of 3.2% year over year.
The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
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 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.
Given this perspective, it's time to examine the average forecasts of specific Old National Bancorp metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Net interest margin (FTE)' will likely reach 3.6%. The estimate is in contrast to the year-ago figure of 3.6%.
The consensus estimate for 'Efficiency Ratio' stands at 49.3%. Compared to the current estimate, the company reported 58.8% in the same quarter of the previous year.
Analysts forecast 'Average Balance - Total earning assets' to reach $67.36 billion. The estimate compares to the year-ago value of $64.03 billion.
Based on the collective assessment of analysts, 'Nonaccrual loans' should arrive at $447.31 million. The estimate is in contrast to the year-ago figure of $590.82 million.
The consensus among analysts is that 'Total underperforming assets' will reach $455.31 million. The estimate compares to the year-ago value of $598.67 million.
The average prediction of analysts places 'Net Interest Income (FTE)' at $607.72 million. The estimate is in contrast to the year-ago figure of $582.58 million.
Analysts' assessment points toward 'Total noninterest income' reaching $128.22 million. Compared to the present estimate, the company reported $130.46 million in the same quarter last year.
According to the collective judgment of analysts, 'Debit card and ATM fees' should come in at $13.16 million. Compared to the present estimate, the company reported $13.20 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Other income' of $16.56 million. The estimate is in contrast to the year-ago figure of $19.08 million.
It is projected by analysts that the 'Mortgage banking revenue' will reach $9.73 million. Compared to the present estimate, the company reported $10.44 million in the same quarter last year.
Analysts expect 'Wealth and investment services fees' to come in at $42.59 million. The estimate is in contrast to the year-ago figure of $39.68 million.
Analysts predict that the 'Capital markets income' will reach $11.68 million. Compared to the present estimate, the company reported $12.63 million in the same quarter last year.
Shares of Old National Bancorp have experienced a change of -1.9% in the past month compared to the +0.7% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), ONB is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Countdown to Old National Bancorp (ONB) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
The upcoming report from Old National Bancorp (ONB - Free Report) is expected to reveal quarterly earnings of $0.66 per share, indicating an increase of 11.9% compared to the year-ago period. Analysts forecast revenues of $735.94 million, representing an increase of 3.2% year over year.
The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
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 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.
Given this perspective, it's time to examine the average forecasts of specific Old National Bancorp metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Net interest margin (FTE)' will likely reach 3.6%. The estimate is in contrast to the year-ago figure of 3.6%.
The consensus estimate for 'Efficiency Ratio' stands at 49.3%. Compared to the current estimate, the company reported 58.8% in the same quarter of the previous year.
Analysts forecast 'Average Balance - Total earning assets' to reach $67.36 billion. The estimate compares to the year-ago value of $64.03 billion.
Based on the collective assessment of analysts, 'Nonaccrual loans' should arrive at $447.31 million. The estimate is in contrast to the year-ago figure of $590.82 million.
The consensus among analysts is that 'Total underperforming assets' will reach $455.31 million. The estimate compares to the year-ago value of $598.67 million.
The average prediction of analysts places 'Net Interest Income (FTE)' at $607.72 million. The estimate is in contrast to the year-ago figure of $582.58 million.
Analysts' assessment points toward 'Total noninterest income' reaching $128.22 million. Compared to the present estimate, the company reported $130.46 million in the same quarter last year.
According to the collective judgment of analysts, 'Debit card and ATM fees' should come in at $13.16 million. Compared to the present estimate, the company reported $13.20 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Other income' of $16.56 million. The estimate is in contrast to the year-ago figure of $19.08 million.
It is projected by analysts that the 'Mortgage banking revenue' will reach $9.73 million. Compared to the present estimate, the company reported $10.44 million in the same quarter last year.
Analysts expect 'Wealth and investment services fees' to come in at $42.59 million. The estimate is in contrast to the year-ago figure of $39.68 million.
Analysts predict that the 'Capital markets income' will reach $11.68 million. Compared to the present estimate, the company reported $12.63 million in the same quarter last year.
View all Key Company Metrics for Old National Bancorp here>>>Shares of Old National Bancorp have experienced a change of -1.9% in the past month compared to the +0.7% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), ONB is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .