Independent Bank Corp (Massachusetts) expected to post earnings of $1.26 a share - Earnings Preview

Independent Bank (Massachusetts)

20/07/2022 14:02

* Independent Bank Corp (Massachusetts)  INDB.OQ 
 INDB.O  is
expected to show a rise in quarterly revenue when it reports 
results on July 22. 
    * The Rockland Massachusetts-based  company is expected to
report 
a 42.8% increase in revenue to $168.93 million from $118.32
million a year ago, according to the estimate from one analyst,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Independent Bank
Corp
(Massachusetts) is for earnings of $1.26 per share. For the same
quarter last year, the company reported earnings of $1.17 per
share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"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 $105​, above​ its last closing price
of $81.03. ​​​
    * 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 2022  1.25        1.26       1.23      Missed  -2.4
 Dec. 31 2022  1.13        1.10       1.63      Beat    48.2
 Sep. 30 2021  1.01        1.02       1.21      Beat    18.6​
 Jun. 30 2021  1.10        1.08       1.17      Beat    8.3
 ​​Mar.        1.12        1.09       1.26      Beat    15.4
 31 2021                                                
 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
 This summary was machine generated July 20 at 13:02 GMT.  All
figures in US dollars  unless otherwise stated