Wall Street analysts expect Valley National (VLY) to post quarterly earnings of $0.33 per share in its upcoming report, which indicates a year-over-year increase of 17.9%. Revenues are expected to be $577.6 million, up 12.7% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
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 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.
Given this perspective, it's time to examine the average forecasts of specific Valley National metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts predict that the 'Efficiency Ratio' will reach 52.4%. The estimate compares to the year-ago value of 53.4%.
It is projected by analysts that the 'Net Interest Margin' will reach 3.3%. Compared to the present estimate, the company reported 3.0% in the same quarter last year.
Analysts' assessment points toward 'Average Balance - Total interest earning assets' reaching $61.99 billion. Compared to the current estimate, the company reported $58.62 billion in the same quarter of the previous year.
The average prediction of analysts places 'Total non-accrual loans' at $461.40 million. The estimate is in contrast to the year-ago figure of $421.49 million.
The consensus among analysts is that 'Total Non-performing Assets' will reach $466.23 million. Compared to the present estimate, the company reported $427.34 million in the same quarter last year.
According to the collective judgment of analysts, 'Tier 1 risk-based capital ratio' should come in at 11.4%. Compared to the present estimate, the company reported 11.7% in the same quarter last year.
The combined assessment of analysts suggests that 'Total risk-based capital ratio' will likely reach 13.8%. The estimate is in contrast to the year-ago figure of 13.8%.
Analysts forecast 'Total non-interest Income' to reach $72.03 million. Compared to the present estimate, the company reported $64.89 million in the same quarter last year.
Analysts expect 'Service charges on deposit accounts' to come in at $19.01 million. The estimate compares to the year-ago value of $16.76 million.
The consensus estimate for 'Net Interest Income' stands at $506.34 million. The estimate is in contrast to the year-ago figure of $446.22 million.
The collective assessment of analysts points to an estimated 'Wealth management and trust fees' of $17.74 million. Compared to the current estimate, the company reported $16.13 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Bank owned life insurance' should arrive at $5.74 million. Compared to the present estimate, the company reported $4.66 million in the same quarter last year.
View all Key Company Metrics for Valley National here>>>Shares of Valley National have experienced a change of -6.2% in the past month compared to the +0.7% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), VLY is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Valley National Bancorp (VLY): Free Stock Analysis Report
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