Wall Street analysts forecast that ServisFirst Bancshares (SFBS) will report quarterly earnings of $0.83 per share in its upcoming release, pointing to a year-over-year increase of 27.7%. It is anticipated that revenues will amount to $173.15 million, exhibiting an increase of 27.1% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 2.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during 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 typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain ServisFirst metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Total Nonperforming Assets' of $135.91 million. The estimate compares to the year-ago value of $168.24 million.
Analysts' assessment points toward 'Efficiency Ratio' reaching 29.3%. Compared to the present estimate, the company reported 35.2% in the same quarter last year.
The consensus among analysts is that 'Net Interest Margin' will reach 3.6%. The estimate compares to the year-ago value of 3.1%.
Analysts predict that the 'Average Balance - Interest-earning Assets' will reach $17.65 billion. The estimate is in contrast to the year-ago figure of $17.13 billion.
Analysts expect 'Net Interest Income' to come in at $160.82 million. Compared to the present estimate, the company reported $133.45 million in the same quarter last year.
The combined assessment of analysts suggests that 'Service charges on deposit accounts' will likely reach $3.35 million. The estimate is in contrast to the year-ago figure of $3.32 million.
View all Key Company Metrics for ServisFirst here>>>Over the past month, ServisFirst shares have recorded returns of -8.9% versus the Zacks S&P 500 composite's +2.1% change. Based on its Zacks Rank #4 (Sell), SFBS will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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ServisFirst Bancshares, Inc. (SFBS): Free Stock Analysis Report
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