Investors Bancorp ISBC announces its next round of earnings this Wednesday, July 28. Here is Benzinga's everything-that-matters guide for this Wednesday's Q2 earnings announcement.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Investors Bancorp EPS will likely be near $0.28 while revenue will be around $188.88 million, according to analysts. In the same quarter last year, Investors Bancorp reported earnings per share of $0.18 on revenue of $181.99 million.
Why Analyst Estimates And Earnings Surprises Are Important
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
The Wall Street consensus estimate for earnings would represent a 55.56% increase for the company. Sales would be have grown 3.79% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.28 | 0.25 | 0.21 | 0.17 |
| EPS Actual | 0.31 | 0.36 | 0.27 | 0.18 |
| Revenue Estimate | 187.98 M | 183.84 M | 182.80 M | 178.19 M |
| Revenue Actual | 180.74 M | 188.79 M | 181.62 M | 181.99 M |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Over the last 52-week period, shares are up 47.78%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Investors Bancorp is scheduled to hold the call at 11:00:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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