BancFirst (BANF) got here out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.72 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 9.49%. 1 / 4 in the past, it was anticipated that this Oklahoma monetary providers holding firm would publish earnings of $1.44 per share when it truly produced earnings of $1.46, delivering a shock of 1.39%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 instances.
BancFirst
The sustainability of the inventory’s fast worth motion based mostly on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
BancFirst shares have misplaced about 16.5% because the starting of the 12 months versus the S&P 500’s achieve of 5.3%.
What’s Subsequent for BancFirst?
Whereas BancFirst has underperformed the market to date this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any straightforward solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis reveals a robust 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 file of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for BancFirst: blended. 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 may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks 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 $1.32 on $146.65 million in revenues for the approaching quarter and $5.36 on $591.25 million in revenues for the present fiscal 12 months.
Buyers must be aware of the truth that the outlook for the business can have a cloth impression on the efficiency of the inventory as nicely. When it comes to the Zacks Trade Rank, Banks – Southwest is at the moment within the prime 32% 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.
One different inventory from the identical business, ACNB (ACNB), is but to report outcomes for the quarter ended March 2024.
This financial institution is predicted to publish quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of -24.5%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
ACNB’s revenues are anticipated to be $26.28 million, down 6.4% from the year-ago quarter.
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