Independent Bank Corp (Massachusetts) expected to post earnings of $1.24 a share - Earnings Preview

Independent Bank (Massachusetts)

17/01/2024 13:33

* Independent Bank Corp (Massachusetts)  INDB.OQ 
 INDB.O  is
expected to show a fall in quarterly revenue when it reports 
results on January 19 for the period ending December 31 2023
    * The Rockland Massachusetts-based  company is expected to
report
a 11.6% decrease in revenue to $177.336 million from $200.66
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data. (SAL represents Total/Operating
revenue)
    * ​LSEG's mean analyst estimate for Independent Bank Corp
(Massachusetts) is for earnings of $1.24 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"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 $65.00​, above​ its last closing price
of $61.17. ​​​

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  1.33        1.33       1.38      Beat    4
 Jun. 30 2023  1.35        1.36       1.42      Beat    4.7
 Mar. 31 2023  1.53        1.54       1.36      Missed  -11.8​
 Dec. 31 2022  1.65        1.65       1.69      Beat    2.3
 ​​Sep.        1.42        1.42       1.57      Beat    10.8
 30 2022                                                
 Jun. 30 2022  1.26        1.26       1.32      Beat    4.8​
 Mar. 31 2022  1.25        1.26       1.23      Missed  -2.4
 Dec. 31 2021  1.13        1.10       1.63      Beat    48.2
 This summary was machine generated January 17 at 13:32 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)