Independent Bank Group Inc expected to post earnings of 67 cents a share - Earnings Preview

Independent Bank

19/01/2024 21:15

* Independent Bank Group Inc  IBTX.OQ   IBTX.O  is expected
to show a fall in quarterly revenue when it reports  results on
January 22 for the period ending December 31 2023
    * The Mckinney Texas-based  company is expected to report a
19.1% decrease in revenue to $123.827 million from $153.01
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Operating Revenue)
    * ​LSEG's mean analyst estimate for Independent Bank Group
Inc is
for earnings of 67 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"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 Independent
Bank
Group Inc is $53.00​, above​ its last closing price of $49.62.
​​​

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  0.73        0.73       0.79      Beat    8.7
 Jun. 30 2023  0.87        0.87       0.82      Missed  -5.9
 Mar. 31 2023  1.07        1.07       1.07      Met     -0.4​
 Dec. 31 2022  1.28        1.28       1.20      Missed  -6.2
 ​​Sep.        1.33        1.33       1.33      Met     0
 30 2022                                                
 Jun. 30 2022  1.23        1.23       1.27      Beat    3.5​
 Mar. 31 2022  1.13        1.14       1.22      Beat    7.3
 Dec. 31 2021  1.25        1.25       1.26      Beat    0.9
 This summary was machine generated January 19 at 21:15 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)