Independent Bank Corp (Massachusetts) expected to post earnings of $1.08 a share - Earnings Preview

Independent Bank (Massachusetts)

20/07/2021 21:19

* Independent Bank Corp (Massachusetts)  INDB.OQ   INDB.O  is
expected to show a fall in quarterly revenue when it reports
results on July 22. 
* The Rockland, Massachusetts-based company is expected to
report   a 1.1% decrease in revenue to $117.925 million from
$119.29 million a year ago, according to the mean estimate from
2 analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Independent Bank Corp
(Massachusetts) is for earnings of $1.08 per share. For the same
quarter last year, the company reported earnings of 76 cents per
share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"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 Corp (Massachusetts) is $93​, about 25.5% above​ its last
closing price of $69.29. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  1.12        1.09       1.26      Beat    15.4
 Dec. 31 2020  1.01        1.03       1.17      Beat    13.8
 Sep. 30 2020  0.84        0.81       1.07      Beat    32.5​
 Jun. 30 2020  0.63        0.62       0.76      Beat    22.1
 Mar.          1.17​       1.19       0.78      Missed  -34.6​
 31​ 2020​                                              
 Dec. 31 2019  1.38        1.39       1.51      Beat    8.9​
 Sep. 30 2019  1.41        1.41       1.49      Beat    6.1
 Jun. 30 2019  1.32        1.31       1.42      Beat    8.4
 This summary was machine generated July 20 at 20:19 GMT.  All
figures in US dollars unless otherwise stated