For the quarter ended March 2024, QCR Holdings (QCRH) reported income of $81.56 million, down 1.3% over the identical interval final 12 months. EPS got here in at $1.59, in comparison with $1.65 within the year-ago quarter.
The reported income represents a shock of -1.54% over the Zacks Consensus Estimate of $82.83 million. With the consensus EPS estimate being $1.32, the EPS shock was +20.45%.
Whereas traders intently watch year-over-year modifications in headline numbers — income and earnings — and the way they evaluate 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.
Since these metrics play an important position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher mission a inventory’s worth efficiency.
Right here is how QCR Holdings carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Effectivity Ratio (Non-GAAP): 62.2% versus 58.4% estimated by three analysts on common.
- Web curiosity margin (GAAP): 2.8% versus 3.3% estimated by three analysts on common.
- Common Steadiness – Complete incomes property: $7.81 billion in comparison with the $7.75 billion common estimate primarily based on two analysts.
- Complete noninterest earnings: $26.86 million in comparison with the $24.33 million common estimate primarily based on three analysts.
- Web Curiosity Revenue: $54.70 million in comparison with the $55.79 million common estimate primarily based on two analysts.
- Positive factors on gross sales of residential actual property loans: $0.38 million versus the two-analyst common estimate of $0.30 million.
- Deposit service charges: $2.02 million in comparison with the $2.12 million common estimate primarily based on two analysts.
- Web curiosity earnings – tax equal (non-GAAP): $63.08 million versus $63.43 million estimated by two analysts on common.
View all Key Company Metrics for QCR Holdings here>>>
Shares of QCR Holdings have returned +0.9% over the previous month versus the Zacks S&P 500 composite’s -4.2% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it may carry out according to 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.
