Wall Street analysts expect Associated Banc-Corp (ASB) to post quarterly earnings of $0.76 per share in its upcoming report, which indicates a year-over-year increase of 4.1%. Revenues are expected to be $464.03 million, up 20.1% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 1.2% 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.
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 usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Associated Banc-Corp metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Net Interest Margin' should come in at 3.2%. The estimate compares to the year-ago value of 3.0%.
Analysts forecast 'Fully tax-equivalent efficiency ratio' to reach 55.3%. Compared to the current estimate, the company reported 54.8% in the same quarter of the previous year.
The consensus among analysts is that 'Average Balance - Total earning assets and related interest income' will reach $47.78 billion. The estimate is in contrast to the year-ago figure of $40.56 billion.
The average prediction of analysts places 'Nonaccrual loans' at $132.29 million. The estimate is in contrast to the year-ago figure of $106.18 million.
The collective assessment of analysts points to an estimated 'Total nonperforming assets' of $151.16 million. Compared to the current estimate, the company reported $136.24 million in the same quarter of the previous year.
Analysts predict that the 'Total Noninterest Income' will reach $80.47 million. Compared to the present estimate, the company reported $81.27 million in the same quarter last year.
Analysts expect 'Net Interest Income (FTE)' to come in at $383.83 million. Compared to the current estimate, the company reported $309.44 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Wealth management fees' will likely reach $26.46 million. The estimate is in contrast to the year-ago figure of $25.32 million.
The consensus estimate for 'Service charges and deposit accounts fees' stands at $15.73 million. The estimate is in contrast to the year-ago figure of $13.86 million.
Based on the collective assessment of analysts, 'Capital markets, net' should arrive at $7.75 million. The estimate compares to the year-ago value of $10.76 million.
It is projected by analysts that the 'Card-based fees' will reach $13.62 million. The estimate is in contrast to the year-ago figure of $12.31 million.
Analysts' assessment points toward 'Mortgage banking, net' reaching $3.38 million. The estimate is in contrast to the year-ago figure of $3.54 million.
View all Key Company Metrics for Associated Banc-Corp here>>>Associated Banc-Corp shares have witnessed a change of -2.5% in the past month, in contrast to the Zacks S&P 500 composite's +0.7% move. With a Zacks Rank #3 (Hold), ASB 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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