Prosperity Bancshares Inc expected to post earnings of $1.31 a share - Earnings Preview

Prosperity Bancshares

21/10/2024 16:46

* Prosperity Bancshares Inc  PB.N   PB  is expected to show
a rise
in quarterly revenue when it reports  results on October 23 for
the period ending September 30 2024
    * The Houston Texas-based  company is expected to report a
8.3% increase in revenue to $301.479 million from $278.27
million a year ago, according to the mean estimate from 12
analysts, based on LSEG data. (SAL represents Total Revenue)
    * ​LSEG's mean analyst estimate for Prosperity Bancshares
Inc is
for earnings of $1.31 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 4
"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 80.00​, above​ its last closing price
of $72.98. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024              1.18       1.17      Missed  -0.5
 Mar. 31 2024              1.16       1.18      Beat    1.5
 Jan. 1 0001   1.19        1.17                         -12.6​
 Jan. 1 0001   1.15        1.15                         4
 ​​Jun.        1.16        1.15       0.94      Missed  -18.1
 30 2023                                                
 Jan. 1 0001   1.34        1.34       1.37      Beat    ​
 Jan. 1 0001   1.50        1.49                         1.2
 Sep. 30 2022  1.50        1.49                         -0.3
 This summary was machine generated October 21 at 15:46 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)