FS Bancorp (FSBW) Q3 Earnings and Revenues Prime Estimates

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FS Bancorp (FSBW) Q3 Earnings and Revenues Prime Estimates

FS Bancorp (FSBW) got here out with quarterly earnings of $2.94 per share, beating the Zacks Consen


FS Bancorp (FSBW) got here out with quarterly earnings of $2.94 per share, beating the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $1.59 per share a yr in the past. These figures are adjusted for non-recurring gadgets.

This quarterly report represents an earnings shock of 68.97%. 1 / 4 in the past, it was anticipated that this financial institution holding firm would put up earnings of $1.10 per share when it truly produced earnings of $2.30, delivering a shock of 109.09%.

Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two instances.

FS Bancorp, which belongs to the Zacks Banks – West business, posted revenues of $36.46 million for the quarter ended September 2020, surpassing the Zacks Consensus Estimate by 30.46%. This compares to year-ago revenues of $24.48 million. The corporate has topped consensus income estimates thrice over the past 4 quarters.

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

FS Bancorp shares have misplaced about 24.6% because the starting of the yr versus the S&P 500’s achieve of seven.3%.

What’s Subsequent for FS Bancorp?

Whereas FS Bancorp 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 simple 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 in addition how these expectations have modified these days.

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

Forward of this earnings launch, the estimate revisions pattern for FS Bancorp was combined. Whereas the magnitude and course 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 consistent with the market within the close to future. You’ll be able to see the entire listing of at this time’s Zacks #1 Rank (Sturdy 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 $1.17 on $25 million in revenues for the approaching quarter and $6.21 on $109.70 million in revenues for the present fiscal yr.

Buyers needs to be aware of the truth that the outlook for the business can have a cloth affect on the efficiency of the inventory as nicely. By way of the Zacks Business Rank, Banks – West is presently within the prime 33% 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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