In its upcoming report, Glacier Bancorp (GBCI) is predicted by Wall Street analysts to post quarterly earnings of $0.79 per share, reflecting an increase of 27.4% compared to the same period last year. Revenues are forecasted to be $327.98 million, representing a year-over-year increase of 25.8%.
Over the last 30 days, there has been a downward 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.
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 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.
That said, let's delve into the average estimates of some Glacier Bancorp metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 56.6%. Compared to the present estimate, the company reported 62.1% in the same quarter last year.
Analysts forecast 'Net interest margin (tax-equivalent)' to reach 4.0%. The estimate is in contrast to the year-ago figure of 3.4%.
Analysts predict that the 'Non-accrual loans' will reach $74.27 million. Compared to the present estimate, the company reported $45.45 million in the same quarter last year.
It is projected by analysts that the 'Total non-performing assets' will reach $91.79 million. Compared to the present estimate, the company reported $54.31 million in the same quarter last year.
The average prediction of analysts places 'Average Balances - Total earning assets' at $28.97 billion. The estimate compares to the year-ago value of $26.82 billion.
Based on the collective assessment of analysts, 'Tier 1 capital (to risk-weighted assets) - Glacier Bank regulatory ratios' should arrive at 13.0%. Compared to the present estimate, the company reported 12.6% in the same quarter last year.
Analysts' assessment points toward 'Total capital (to risk-weighted assets) - Glacier Bank regulatory ratios' reaching 14.9%. The estimate compares to the year-ago value of 13.8%.
The consensus among analysts is that 'Leverage Ratio/Tier 1 capital (to average assets) - Glacier Bank regulatory ratios' will reach 10.1%. Compared to the present estimate, the company reported 9.4% in the same quarter last year.
The combined assessment of analysts suggests that 'Total Non-Interest Income' will likely reach $41.41 million. Compared to the present estimate, the company reported $35.35 million in the same quarter last year.
The consensus estimate for 'Net Interest Income' stands at $287.02 million. Compared to the current estimate, the company reported $225.38 million in the same quarter of the previous year.
Analysts expect 'Net interest income (tax-equivalent)' to come in at $290.97 million. Compared to the present estimate, the company reported $228.84 million in the same quarter last year.
According to the collective judgment of analysts, 'Gain on sale of loans' should come in at $5.00 million. The estimate is in contrast to the year-ago figure of $5.03 million.
View all Key Company Metrics for Glacier Bancorp here>>>Glacier Bancorp shares have witnessed a change of -2.7% in the past month, in contrast to the Zacks S&P 500 composite's +0.7% move. With a Zacks Rank #2 (Buy), GBCI is expected outperform 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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Glacier Bancorp, Inc. (GBCI): Free Stock Analysis Report
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