Flagstar Bancorp (FBC) got here out with quarterly earnings of $2.83 per share, beating the Zacks C
Flagstar Bancorp (FBC) got here out with quarterly earnings of $2.83 per share, beating the Zacks Consensus Estimate of $2.40 per share. This compares to earnings of $1 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 17.92%. 1 / 4 in the past, it was anticipated that this holding firm for Flagstar Financial institution would put up earnings of $2.28 per share when it truly produced earnings of $3.88, delivering a shock of 70.18%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.
Flagstar Bancorp, which belongs to the Zacks Monetary – Financial savings and Mortgage trade, posted revenues of $526 million for the quarter ended December 2020, surpassing the Zacks Consensus Estimate by 5.68%. This compares to year-ago revenues of $314 million. The corporate has topped consensus income estimates 4 occasions over the past 4 quarters.
The sustainability of the inventory’s fast worth motion based mostly on the recently-released numbers and future earnings expectations will largely rely on administration’s commentary on the earnings name.
Flagstar Bancorp shares have added about 11.3% because the starting of the yr versus the S&P 500’s acquire of two.6%.
What’s Subsequent for Flagstar Bancorp?
Whereas Flagstar Bancorp 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 tackle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis exhibits a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a formidable observe report of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Flagstar Bancorp was blended. Whereas the magnitude and route of estimate revisions may 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 possibly can see the whole checklist of in the present day’s Zacks #1 Rank (Robust Purchase) shares right here.
Will probably 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 $1.90 on $433.03 million in revenues for the approaching quarter and $6.13 on $1.63 billion in revenues for the present fiscal yr.
Traders must be conscious of the truth that the outlook for the trade can have a fabric impression on the efficiency of the inventory as effectively. When it comes to the Zacks Business Rank, Monetary – Financial savings and Mortgage is at present within the high 36% 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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Flagstar Bancorp, Inc. (FBC): Free Inventory Evaluation Report
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