Prosperity Bancshares Inc expected to post earnings of $1.16 a share - Earnings Preview

Prosperity Bancshares

22/04/2024 15:48

* Prosperity Bancshares Inc  PB.N   PB  is expected to show
a fall
in quarterly revenue when it reports  results on April 24 for
the period ending March 31 2024
    * The Houston Texas-based  company is expected to report a
1.7% decrease in revenue to $277.072 million from $281.73
million a year ago, according to the mean estimate from 12
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Prosperity Bancshares
Inc is
for earnings of $1.16 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 5
"hold" and 1 "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 $73.00​, above​ its last closing price
of $60.77. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.19        1.17       1.02      Missed  -12.6
 Sep. 30 2023  1.15        1.15       1.20      Beat    4
 Jun. 30 2023  1.16        1.15       0.94      Missed  -18.1​
 Mar. 31 2023  1.34        1.34       1.37      Beat    2
 ​​Dec.        1.50        1.49       1.51      Beat    1.2
 31 2022                                                
 Sep. 30 2022  1.50        1.49       1.49      Met     -0.3​
 Jun. 30 2022  1.39        1.38       1.40      Beat    1.4
 Mar. 31 2022  1.31        1.30       1.33      Beat    2
 This summary was machine generated April 22 at 14:48 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)