Cullen/Frost Bankers (CFR) got here out with quarterly earnings of $2.24 per share, beating the Zacks Consensus Estimate of $2.16 per share. This compares to earnings of $2.38 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of three.70%. 1 / 4 in the past, it was anticipated that this monetary holding firm would put up earnings of $2.05 per share when it really produced earnings of $2.21, delivering a shock of seven.80%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 instances.
Cullen/Frost
The sustainability of the inventory’s quick value motion primarily based on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
Cullen/Frost shares have added about 20.3% because the starting of the yr versus the S&P 500’s achieve of 21.9%.
What’s Subsequent for Cullen/Frost?
Whereas Cullen/Frost has underperformed the market to date this yr, 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 handle 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 currently.
Empirical analysis exhibits 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 instrument just like the Zacks Rank, which has a powerful monitor report of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for Cullen/Frost: 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 in step with the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely 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 $2.01 on $527.12 million in revenues for the approaching quarter and $8.57 on $2.09 billion in revenues for the present fiscal yr.
Buyers ought to be aware of the truth that the outlook for the business can have a fabric influence 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 7% 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.
Primary Road Capital (MAIN), one other inventory within the broader Zacks Finance sector, has but to report outcomes for the quarter ended September 2024. The outcomes are anticipated to be launched on November 7.
This funding agency is anticipated to put up quarterly earnings of $1.02 per share in its upcoming report, which represents a year-over-year change of +3%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Primary Road Capital’s revenues are anticipated to be $137.57 million, up 11.6% from the year-ago quarter.
Ought to You Spend money on Cullen/Frost Bankers, Inc. (CFR)?
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Cullen/Frost Bankers, Inc. (CFR) : Free Stock Analysis Report
Main Street Capital Corporation (MAIN) : Free Stock Analysis Report
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