Atlantic Capital Bancshares (ACBI) got here out with quarterly earnings of $0.48 per share, beating
Atlantic Capital Bancshares (ACBI) got here out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.32 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 23.08%. 1 / 4 in the past, it was anticipated that this financial institution holding firm would put up earnings of $0.26 per share when it truly produced earnings of $0.40, delivering a shock of 53.85%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two instances.
Atlantic Capital Bancshares, which belongs to the Zacks Banks – Northeast business, posted revenues of $25.66 million for the quarter ended December 2020, surpassing the Zacks Consensus Estimate by 1.32%. This compares to year-ago revenues of $23.41 million. The corporate has topped consensus income estimates 3 times during the last 4 quarters.
The sustainability of the inventory’s instant value motion based mostly on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Atlantic Capital Bancshares shares have added about 8.7% because the starting of the yr versus the S&P 500’s acquire of two.6%.
What’s Subsequent for Atlantic Capital Bancshares?
Whereas Atlantic Capital Bancshares has outperformed the market to date this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist traders 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 traits in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking device just like the Zacks Rank, which has a formidable monitor report of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Atlantic Capital Bancshares was favorable. Whereas the magnitude and path of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You’ll be able to see the entire record of right this moment’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.39 on $25.30 million in revenues for the approaching quarter and $1.32 on $99.26 million in revenues for the present fiscal yr.
Buyers ought to be conscious of the truth that the outlook for the business can have a cloth influence on the efficiency of the inventory as properly. When it comes to the Zacks Business Rank, Banks – Northeast is at present within the prime 22% 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.
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Atlantic Capital Bancshares, Inc. (ACBI): Free Inventory Evaluation Report
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