The upcoming report from Wintrust Financial (WTFC) is expected to reveal quarterly earnings of $3.29 per share, indicating an increase of 7.5% compared to the year-ago period. Analysts forecast revenues of $754.32 million, representing an increase of 8.1% year over year.
The current level reflects an upward revision of 1.4% 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 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 investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Wintrust metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Efficiency Ratio' to come in at 53.7%. Compared to the current estimate, the company reported 54.7% in the same quarter of the previous year.
The consensus estimate for 'Net Interest Margin' stands at 3.5%. The estimate compares to the year-ago value of 3.5%.
Analysts predict that the 'Average balance - Total earning assets' will reach $70.35 billion. The estimate compares to the year-ago value of $64.64 billion.
The average prediction of analysts places 'Net interest income - FTE' at $620.72 million. Compared to the present estimate, the company reported $569.84 million in the same quarter last year.
Analysts' assessment points toward 'Total Non-Interest Income' reaching $135.94 million. The estimate is in contrast to the year-ago figure of $130.83 million.
Based on the collective assessment of analysts, 'Wealth management' should arrive at $40.24 million. The estimate is in contrast to the year-ago figure of $37.19 million.
The combined assessment of analysts suggests that 'Fees from covered call options' will likely reach $5.00 million. The estimate compares to the year-ago value of $5.62 million.
According to the collective judgment of analysts, 'Other Non-Interest Income' should come in at $23.05 million. Compared to the current estimate, the company reported $25.13 million in the same quarter of the previous year.
Analysts forecast 'Service charges on deposit accounts' to reach $21.33 million. Compared to the present estimate, the company reported $19.83 million in the same quarter last year.
It is projected by analysts that the 'Mortgage banking' will reach $25.75 million. Compared to the current estimate, the company reported $24.45 million in the same quarter of the previous year.
The consensus among analysts is that 'Operating lease income, net' will reach $19.05 million. The estimate is in contrast to the year-ago figure of $15.47 million.
The collective assessment of analysts points to an estimated 'Net Interest Income' of $614.51 million. The estimate compares to the year-ago value of $567.01 million.
View all Key Company Metrics for Wintrust here>>>Wintrust shares have witnessed a change of -5.7% in the past month, in contrast to the Zacks S&P 500 composite's +2.1% move. With a Zacks Rank #3 (Hold), WTFC 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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Wintrust Financial Corporation (WTFC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).