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Gear Up for Customers Bancorp (CUBI) Q3 Earnings: Wall Street Estimates for Key Metrics
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The upcoming report from Customers Bancorp (CUBI - Free Report) is expected to reveal quarterly earnings of $2.15 per share, indicating a decline of 2.3% compared to the year-ago period. Analysts forecast revenues of $236.4 million, representing an increase of 1.9% year over year.
Over the last 30 days, there has been an upward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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.
Bearing this in mind, let's now explore the average estimates of specific Customers Bancorp metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Efficiency Ratio' will likely reach 49.0%. The estimate is in contrast to the year-ago figure of 45.4%.
The consensus among analysts is that 'Net Interest Margin' will reach 3.2%. The estimate compares to the year-ago value of 3.5%.
Analysts predict that the 'Average Balance - Total interest-earning assets' will reach $25.38 billion. The estimate compares to the year-ago value of $23.20 billion.
Analysts expect 'Non-Performing Assets' to come in at $85.66 million. Compared to the present estimate, the company reported $61.06 million in the same quarter last year.
It is projected by analysts that the 'Total Non-Interest Income' will reach $32.73 million. The estimate is in contrast to the year-ago figure of $30.19 million.
According to the collective judgment of analysts, 'Net Interest Income' should come in at $203.94 million. Compared to the present estimate, the company reported $201.91 million in the same quarter last year.
Analysts' assessment points toward 'Commercial lease income' reaching $15.55 million. The estimate is in contrast to the year-ago figure of $11.54 million.
The collective assessment of analysts points to an estimated 'Loan fees' of $8.55 million. The estimate is in contrast to the year-ago figure of $11.44 million.
The consensus estimate for 'Net interest income tax equivalent' stands at $204.41 million. The estimate compares to the year-ago value of $202.27 million.
Analysts forecast 'Non interest income- Other' to reach $4.03 million. Compared to the present estimate, the company reported $3.56 million in the same quarter last year.
Shares of Customers Bancorp have experienced a change of -1.7% in the past month compared to the +1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), CUBI 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 >>>> .
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Gear Up for Customers Bancorp (CUBI) Q3 Earnings: Wall Street Estimates for Key Metrics
The upcoming report from Customers Bancorp (CUBI - Free Report) is expected to reveal quarterly earnings of $2.15 per share, indicating a decline of 2.3% compared to the year-ago period. Analysts forecast revenues of $236.4 million, representing an increase of 1.9% year over year.
Over the last 30 days, there has been an upward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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.
Bearing this in mind, let's now explore the average estimates of specific Customers Bancorp metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Efficiency Ratio' will likely reach 49.0%. The estimate is in contrast to the year-ago figure of 45.4%.
The consensus among analysts is that 'Net Interest Margin' will reach 3.2%. The estimate compares to the year-ago value of 3.5%.
Analysts predict that the 'Average Balance - Total interest-earning assets' will reach $25.38 billion. The estimate compares to the year-ago value of $23.20 billion.
Analysts expect 'Non-Performing Assets' to come in at $85.66 million. Compared to the present estimate, the company reported $61.06 million in the same quarter last year.
It is projected by analysts that the 'Total Non-Interest Income' will reach $32.73 million. The estimate is in contrast to the year-ago figure of $30.19 million.
According to the collective judgment of analysts, 'Net Interest Income' should come in at $203.94 million. Compared to the present estimate, the company reported $201.91 million in the same quarter last year.
Analysts' assessment points toward 'Commercial lease income' reaching $15.55 million. The estimate is in contrast to the year-ago figure of $11.54 million.
The collective assessment of analysts points to an estimated 'Loan fees' of $8.55 million. The estimate is in contrast to the year-ago figure of $11.44 million.
The consensus estimate for 'Net interest income tax equivalent' stands at $204.41 million. The estimate compares to the year-ago value of $202.27 million.
Analysts forecast 'Non interest income- Other' to reach $4.03 million. Compared to the present estimate, the company reported $3.56 million in the same quarter last year.
View all Key Company Metrics for Customers Bancorp here>>>Shares of Customers Bancorp have experienced a change of -1.7% in the past month compared to the +1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), CUBI 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 >>>> .