Bryn Mawr Financial institution (BMTC) got here out with quarterly earnings of $0.77 per share, bea
Bryn Mawr Financial institution (BMTC) got here out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.81 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 24.19%. 1 / 4 in the past, it was anticipated that this financial institution holding firm would put up earnings of $0.64 per share when it really produced earnings of $0.66, delivering a shock of three.13%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates thrice.
Bryn Mawr Financial institution, which belongs to the Zacks Banks – Northeast business, posted revenues of $57.04 million for the quarter ended December 2020, surpassing the Zacks Consensus Estimate by 2.86%. This compares to year-ago revenues of $59.24 million. The corporate has topped consensus income estimates thrice over the past 4 quarters.
The sustainability of the inventory’s rapid value motion primarily based on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
Bryn Mawr Financial institution shares have added about 10.8% for the reason that starting of the 12 months versus the S&P 500’s acquire of two.6%.
What’s Subsequent for Bryn Mawr Financial institution?
Whereas Bryn Mawr Financial institution has outperformed the market up to now this 12 months, 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 tackle 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 recently.
Empirical analysis exhibits a robust 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 ranking instrument just like the Zacks Rank, which has a formidable observe document of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Bryn Mawr Financial institution was blended. 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 #3 (Maintain) for the inventory. So, the shares are anticipated to carry out according to the market within the close to future. You may see the whole listing of at present’s Zacks #1 Rank (Robust Purchase) shares right here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.61 on $55.01 million in revenues for the approaching quarter and $2.57 on $225.10 million in revenues for the present fiscal 12 months.
Buyers ought to be aware of the truth that the outlook for the business can have a fabric impression on the efficiency of the inventory as effectively. When it comes to the Zacks Business Rank, Banks – Northeast is at present within the high 22% of the 250 plus Zacks industries. Our analysis exhibits 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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Bryn Mawr Financial institution Company (BMTC): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.