For the quarter ended March 2024, Park Nationwide (PRK) reported income of $121.82 million, up 4.5% over the identical interval final 12 months. EPS got here in at $2.15, in comparison with $2.01 within the year-ago quarter.
The reported income represents a shock of +2.99% over the Zacks Consensus Estimate of $118.29 million. With the consensus EPS estimate being $1.85, the EPS shock was +16.22%.
Whereas buyers carefully watch year-over-year adjustments in headline numbers — income and earnings — and the way they examine to Wall Avenue expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers mission a inventory’s worth efficiency extra precisely.
Right here is how Park Nationwide carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Internet Curiosity Margin: 4.3% in comparison with the 4.2% common estimate primarily based on two analysts.
- Effectivity ratio: 63.1% versus 66.8% estimated by two analysts on common.
- Complete Non Curiosity Earnings: $26.20 million versus $24.32 million estimated by two analysts on common.
- Internet Curiosity Earnings: $95.62 million in comparison with the $93.97 million common estimate primarily based on two analysts.
View all Key Company Metrics for Park National here>>>
Shares of Park Nationwide have returned -5.8% over the previous month versus the Zacks S&P 500 composite’s -2.6% change. The inventory presently has a Zacks Rank #3 (Maintain), indicating that it may carry out consistent with the broader market within the close to time period.
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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.
