Earnings Outlook For First Republic Bank

On Tuesday, July 13, First Republic Bank FRC will release its latest earnings report. Here is Benzinga's outlook for the company.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

First Republic Bank EPS will likely be near $1.73 while revenue will be around $1.18 billion, according to analysts. In the same quarter last year, First Republic Bank reported EPS of $1.4 on revenue of $918.98 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to match the consensus estimate when it reports Tuesday, earnings would be up 23.57%. Revenue would be up 28.4% from the same quarter last year. First Republic Bank's reported EPS has stacked up against analyst estimates in the past like this:

Stock Performance

Over the last 52-week period, shares of First Republic Bank are up 78.88%.

Do not be surprised to see the stock move on comments made during its conference call. First Republic Bank is scheduled to hold the call at 10:00:00 ET and can be accessed here.