FVCBankcorp (FVCB) got here out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.25 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 16.13%. 1 / 4 in the past, it was anticipated that this firm would submit earnings of $0.37 per share when it truly produced earnings of $0.38, delivering a shock of two.70%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 instances.
FVCBankcorp, which belongs to the Zacks Banks – Southeast business, posted revenues of $14.87 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 2%. This compares to year-ago revenues of $13.38 million. The corporate has topped consensus income estimates 3 times during the last 4 quarters.
The sustainability of the inventory’s instant worth motion primarily based on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
FVCBankcorp shares have added about 27.1% because the starting of the 12 months versus the S&P 500’s acquire of 17.2%.
What’s Subsequent for FVCBankcorp?
Whereas FVCBankcorp has outperformed the market to date this 12 months, the query that involves traders’ 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 traders deal with 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 these days.
Empirical analysis reveals a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a formidable monitor document of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for FVCBankcorp 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 consistent with the market within the close to future. You possibly can see the whole record of right now’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It will likely 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 $0.29 on $14.four million in revenues for the approaching quarter and $1.20 on $58.49 million in revenues for the present fiscal 12 months.
Traders 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 – Southeast is presently within the prime 33% 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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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.