Independent Bank Corp (Massachusetts) expected to post earnings of $1.36 a share - Earnings Preview

Independent Bank (Massachusetts)

19/07/2023 13:47

* Independent Bank Corp (Massachusetts)  INDB.OQ 
 INDB.O  is
expected to show a rise in quarterly revenue when it reports 
results on July 21. 
    * The Rockland Massachusetts-based  company is expected to
report 
a 5.8% increase in revenue to $182.849 million from $172.76
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 $1.36 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "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
Corp (Massachusetts) is $56.5​, above​ its last closing price
of $51.63. ​​​

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  1.53        1.54       1.36      Missed  -11.8
 Dec. 31 2023  1.65        1.65       1.69      Beat    2.3
 Sep. 30 2022  1.42        1.42       1.57      Beat    10.8​
 Jun. 30 2022  1.26        1.26       1.32      Beat    4.8
 ​​Mar.        1.25        1.26       1.23      Missed  -2.4
 31 2022                                                
 Dec. 31 2021  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
 This summary was machine generated July 19 at 12:47 GMT.  All
figures in US dollars  unless otherwise stated