S&T Bancorp STBA will release its quarterly earnings report on Thursday, 2024-10-17. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate S&T Bancorp to report an earnings per share (EPS) of $0.81.
The market awaits S&T Bancorp's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Earnings Track Record
During the last quarter, the company reported an EPS beat by $0.15, leading to a 4.22% increase in the share price on the subsequent day.
Here's a look at S&T Bancorp's past performance and the resulting price change:
Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
---|---|---|---|---|
EPS Estimate | 0.74 | 0.78 | 0.86 | 0.90 |
EPS Actual | 0.89 | 0.81 | 0.96 | 0.87 |
Price Change % | 4.0% | 4.0% | 3.0% | -1.0% |
Tracking S&T Bancorp's Stock Performance
Shares of S&T Bancorp were trading at $41.87 as of October 15. Over the last 52-week period, shares are up 62.33%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for S&T Bancorp visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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