Customers Bancorp Inc expected to post earnings of $1.72 a share - Earnings Preview

Customers Bancorp

23/01/2024 21:43

* Customers Bancorp Inc  CUBI.N   CUBI.K  is expected
to show a
rise in quarterly revenue when it reports  results on January 25
for the period ending December 31 2023
    * The West Reading Pennsylvania-based  company is expected
to
report a 28.2% increase in revenue to $173.256 million from
$135.14 million a year ago, according to the mean estimate from
10 analysts, based on LSEG data. (Sales/Revenue Majority Basis
is on Net Interest Income)
    * ​LSEG's mean analyst estimate for Customers Bancorp Inc is
for
earnings of $1.72 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Customers
Bancorp
Inc is $61.50​, above​ its last closing price of $53.45. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.59        1.59       2.58      Beat    62.4
 Jun. 30 2023  1.46        1.46       1.39      Missed  -4.8
 Mar. 31 2023  1.06        1.18       1.55      Beat    31.7​
 Dec. 31 2022  1.63        1.59       0.77      Missed  -51.6
 ​​Sep.        2.62        2.13       1.85      Missed  -13.1
 30 2022                                                
 Jun. 30 2022  1.80        1.76       1.68      Missed  -4.5​
 Mar. 31 2022  1.73        1.62       2.18      Beat    34.6
 Dec. 31 2021  2.84        2.85       2.87      Beat    0.6
 This summary was machine generated January 23 at 21:43 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)