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What Analyst Projections for Key Metrics Reveal About WSFS (WSFS) Q3 Earnings
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Wall Street analysts forecast that WSFS Financial (WSFS - Free Report) will report quarterly earnings of $1.61 per share in its upcoming release, pointing to a year-over-year increase of 15%. It is anticipated that revenues will amount to $287.45 million, exhibiting an increase of 6.3% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 1.3% 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 rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain WSFS metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 58.1%. The estimate is in contrast to the year-ago figure of 60.2%.
Based on the collective assessment of analysts, 'Net Interest Margin' should arrive at 3.9%. Compared to the current estimate, the company reported 3.9% in the same quarter of the previous year.
The consensus estimate for 'Net Interest Income' stands at $196.79 million. The estimate is in contrast to the year-ago figure of $184.02 million.
The average prediction of analysts places 'Total Non-Interest Income' at $90.97 million. Compared to the present estimate, the company reported $86.47 million in the same quarter last year.
Over the past month, shares of WSFS have returned +0.6% versus the Zacks S&P 500 composite's +1% change. Currently, WSFS carries a Zacks Rank #2 (Buy), suggesting that it may 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
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What Analyst Projections for Key Metrics Reveal About WSFS (WSFS) Q3 Earnings
Wall Street analysts forecast that WSFS Financial (WSFS - Free Report) will report quarterly earnings of $1.61 per share in its upcoming release, pointing to a year-over-year increase of 15%. It is anticipated that revenues will amount to $287.45 million, exhibiting an increase of 6.3% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 1.3% 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 rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain WSFS metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 58.1%. The estimate is in contrast to the year-ago figure of 60.2%.
Based on the collective assessment of analysts, 'Net Interest Margin' should arrive at 3.9%. Compared to the current estimate, the company reported 3.9% in the same quarter of the previous year.
The consensus estimate for 'Net Interest Income' stands at $196.79 million. The estimate is in contrast to the year-ago figure of $184.02 million.
The average prediction of analysts places 'Total Non-Interest Income' at $90.97 million. Compared to the present estimate, the company reported $86.47 million in the same quarter last year.
View all Key Company Metrics for WSFS here>>>Over the past month, shares of WSFS have returned +0.6% versus the Zacks S&P 500 composite's +1% change. Currently, WSFS carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .