Independent Bank Group Inc expected to post earnings of 87  cents a share - Earnings Preview

Independent Bank

22/07/2023 03:31

* Independent Bank Group Inc  IBTX.OQ   IBTX.O  is expected
to show a fall in quarterly revenue when it reports  results on
July 24. 
    * The Mckinney Texas-based  company is expected to report  a
8.4% decrease in revenue to $139.165 million from $151.88
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Independent Bank
Group
Inc is for earnings of 87 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 $40.5​, below​ its last closing price of $40.91.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  1.07        1.07       1.07      Met     -0.4
 Dec. 31 2023  1.28        1.28       1.20      Missed  -6.2
 Sep. 30 2022  1.33        1.33       1.33      Met     0​
 Jun. 30 2022  1.23        1.23       1.27      Beat    3.5
 ​​Mar.        1.13        1.14       1.22      Beat    7.3
 31 2022                                                
 Dec. 31 2021  1.25        1.25       1.26      Beat    0.9​
 Sep. 30 2021  1.29        1.30       1.21      Missed  -6.6
 Jun. 30 2021  1.31        1.31       1.35      Beat    2.9
 This summary was machine generated July 22 at 02:31 GMT.  All
figures in US dollars  unless otherwise stated