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Citizens Financial Group (CFG) Expected to Beat Earnings Estimates: Should You Buy?

Citizens Financial Group (CFG) Expected to Beat Earnings Estimates: Should You Buy?

Wall Street expects a year-over-year decline in earnings on higher revenues when Citizens Financial Group (CFG) reports results for the quarter ended September 2020. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on October 16, 2020, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management’s discussion of business conditions on the earnings call, it’s worth handicapping the probability of a positive EPS surprise.

Zacks Consensus Estimate

This bank is expected to post quarterly earnings of $0.64 per share in its upcoming report, which represents a year-over-year change of -34.7%.

Revenues are expected to be $1.73 billion, up 5.7% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 14.5% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings Whisper

Estimate revisions ahead of a company’s earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction) — has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for

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Chemung Financial (CHMG) Earnings Expected to Grow: What to Know Ahead of Q3 Release

Chemung Financial (CHMG) Earnings Expected to Grow: What to Know Ahead of Q3 Release

The market expects Chemung Financial (CHMG) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2020. This widely-known consensus outlook is important in assessing the company’s earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management’s discussion of business conditions on the earnings call, it’s worth handicapping the probability of a positive EPS surprise.

Zacks Consensus Estimate

This financial holding company is expected to post quarterly earnings of $0.66 per share in its upcoming report, which represents a year-over-year change of +65%.

Revenues are expected to be $20.20 million, up 0.5% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings Whisper

Estimate revisions ahead of a company’s earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent

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Ally Financial (ALLY) Expected to Beat Earnings Estimates: Should You Buy?

Ally Financial (ALLY) Expected to Beat Earnings Estimates: Should You Buy?

Wall Street expects a year-over-year decline in earnings on lower revenues when Ally Financial (ALLY) reports results for the quarter ended September 2020. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 16. On the other hand, if they miss, the stock may move lower.

While management’s discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it’s worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This auto finance company and bank is expected to post quarterly earnings of $0.60 per share in its upcoming report, which represents a year-over-year change of -40.6%.

Revenues are expected to be $1.50 billion, down 6.3% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 158.41% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings Whisper

Estimate revisions ahead of a company’s earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction) — has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate

Read the rest
Colorado health insurance costs expected to fall on average

Colorado health insurance costs expected to fall on average

DENVER (AP) — Filings with the Colorado Division of Insurance indicate the monthly cost of health insurance bought through the state’s exchange is expected to drop an average of 1.4% next year.

Costs depend on where someone lives, though, The Denver Post reported Thursday. Residents in some counties on the Eastern Plains will see 12% increases in their monthly premiums, while Park County residents could pay 12% less, on average.

In Denver, the average premium will drop 1.2%, though surrounding counties will see even bigger decreases.

The Post reports that the average can conceal significant differences among companies, however, and customers should consider the trade-off between higher premiums and higher out-of-pocket costs.


State officials estimate premiums will be about 20.8% lower than they would have been without the reinsurance program, which acts as a backstop for insurers by reimbursing some of the cost of covering customers with higher medical bills.

Adam Fox, deputy director of the Colorado Consumer Health Initiative, said reinsurance has helped, but it could be hard to find an affordable plan in the 10 counties where only one insurer is selling on the exchange.

Premiums in the small-group market, which isn’t affected by reinsurance, will rise about 3.8%. The small group market is open to businesses with no more than 100 employees.

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First Financial Bankshares (FFIN) Earnings Expected to Grow: What to Know Ahead of Q3 Release

First Financial Bankshares (FFIN) Earnings Expected to Grow: What to Know Ahead of Q3 Release

Wall Street expects a year-over-year increase in earnings on higher revenues when First Financial Bankshares (FFIN) reports results for the quarter ended September 2020. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower.

While management’s discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it’s worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This commercial banker operating mostly in Texas is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of +12.5%.

Revenues are expected to be $125.95 million, up 22.4% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 2.9% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings Whisper

Estimate revisions ahead of a company’s earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction) — has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the

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