In its upcoming report, Ameris Bancorp (ABCB) is predicted by Wall Street analysts to post quarterly earnings of $1.68 per share, reflecting an increase of 9.8% compared to the same period last year. Revenues are forecasted to be $326.66 million, representing a year-over-year increase of 3.6%.
The consensus EPS estimate for the quarter has been revised 1.3% higher 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.
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.
Bearing this in mind, let's now explore the average estimates of specific Ameris Bancorp metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Net interest margin (TE)' should come in at 3.8%. The estimate compares to the year-ago value of 3.8%.
The combined assessment of analysts suggests that 'Efficiency ratio' will likely reach 49.9%. The estimate compares to the year-ago value of 49.2%.
Based on the collective assessment of analysts, 'Book value per share (period end)' should arrive at $62.18 . The estimate compares to the year-ago value of $58.56 .
It is projected by analysts that the 'Total non-performing assets' will reach $126.67 million. Compared to the current estimate, the company reported $109.43 million in the same quarter of the previous year.
Analysts predict that the 'Average Balances - Total Earning Assets' will reach $26.56 billion. Compared to the current estimate, the company reported $24.96 billion in the same quarter of the previous year.
Analysts expect 'Net Interest Income (TE)' to come in at $258.68 million. Compared to the present estimate, the company reported $238.92 million in the same quarter last year.
Analysts' assessment points toward 'Total Non-Interest Income' reaching $67.97 million. The estimate is in contrast to the year-ago figure of $76.27 million.
The consensus estimate for 'Service charges on deposit accounts' stands at $14.41 million. The estimate compares to the year-ago value of $13.93 million.
Analysts forecast 'Net Interest Income' to reach $257.40 million. Compared to the current estimate, the company reported $237.96 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Mortgage banking activity' of $34.11 million. Compared to the present estimate, the company reported $40.67 million in the same quarter last year.
The average prediction of analysts places 'Other noninterest income' at $9.40 million. The estimate compares to the year-ago value of $10.11 million.
View all Key Company Metrics for Ameris Bancorp here>>>Shares of Ameris Bancorp have experienced a change of -2.4% in the past month compared to the +1% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), ABCB is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ameris Bancorp (ABCB): Free Stock Analysis Report
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