Prosperity Bancshares Inc expected to post earnings of $1.15 a share - Earnings Preview

Prosperity Bancshares

23/10/2023 18:51

* Prosperity Bancshares Inc  PB.N   PB  is expected to show
a fall
in quarterly revenue when it reports  results on October 25. 
    * The Houston Texas-based  company is expected to report  a
5.2% decrease in revenue to $279.904 million from $295.37
million a year ago, according to the mean estimate from 12
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Prosperity
Bancshares Inc
is for earnings of $1.15 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 3
"hold" and 2 "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 Prosperity
Bancshares Inc is $64​, above​ its last closing price of $50.73.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  1.16        1.15       0.94      Missed  -18.1
 Mar. 31 2023  1.34        1.34       1.37      Beat    2
 Dec. 31 2022  1.50        1.49       1.51      Beat    1.2​
 Sep. 30 2022  1.50        1.49       1.49      Met     -0.3
 ​​Jun.        1.39        1.38       1.40      Beat    1.4
 30 2022                                                
 Mar. 31 2022  1.31        1.30       1.33      Beat    2​
 Dec. 31 2021  1.37        1.37       1.38      Beat    1
 Sep. 30 2021  1.37        1.37       1.39      Beat    1.6
 This summary was machine generated October 23 at 17:51 GMT.  All
figures in US dollars  unless otherwise stated