Pink River Bancshares (RRBI) Tops This fall Earnings and Income Estimates

Pink River Bancshares (RRBI) got here out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.17 per share a yr in the past. These figures are adjusted for non-recurring objects.

This quarterly report represents an earnings shock of 10.94%. 1 / 4 in the past, it was anticipated that this holding firm for Pink River Financial institution would publish earnings of $1.27 per share when it really produced earnings of $1.42, delivering a shock of 11.81%.

During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.

Pink River Bancshares , which belongs to the Zacks Banks – Southwest trade, posted revenues of $28.29 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $24.45 million. The corporate has topped consensus income estimates thrice during the last 4 quarters.

The sustainability of the inventory’s quick worth motion based mostly on the recently-released numbers and future earnings expectations will principally rely upon administration’s commentary on the earnings name.

Pink River Bancshares shares have misplaced about 0.2% for the reason that starting of the yr versus the S&P 500’s acquire of 6%.

What’s Subsequent for Pink River Bancshares?

Whereas Pink River Bancshares has underperformed the market to this point this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?

There are not any straightforward solutions to this key query, however one dependable measure that may assist buyers handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified currently.

Empirical analysis reveals a powerful correlation between near-term inventory actions and developments in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a formidable observe file of harnessing the ability of earnings estimate revisions.

Forward of this earnings launch, the estimate revisions development for Pink River Bancshares: unfavorable. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You’ll be able to see the whole record of in the present day’s Zacks #1 Rank (Sturdy Purchase) shares right here.

It is going to be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $1.28 on $28 million in revenues for the approaching quarter and $5.33 on $114.71 million in revenues for the present fiscal yr.

Buyers ought to be aware of the truth that the outlook for the trade can have a cloth influence on the efficiency of the inventory as properly. When it comes to the Zacks Trade Rank, Banks – Southwest is at present within the backside 12% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.

One different inventory from the broader Zacks Finance sector, Chimera Funding (CIM), is but to report outcomes for the quarter ended December 2022.

This mortgage investor is predicted to publish quarterly earnings of $0.24 per share in its upcoming report, which represents a year-over-year change of -47.8%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.

Chimera Funding’s revenues are anticipated to be $97.9 million, down 36.7% from the year-ago quarter.

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Red River Bancshares, Inc. (RRBI) : Free Stock Analysis Report

Chimera Investment Corporation (CIM) : Free Stock Analysis Report

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