Prosperity Bancshares Inc reports results for the quarter ended in June - Earnings Summary

Prosperity Bancshares

26/07/2023 14:31

* Prosperity Bancshares Inc  PB.N  reported quarterly
adjusted
earnings of 94 cents​​ per share for the quarter ended in June.
The mean expectation of fourteen analysts for the quarter was
for earnings of $1.15 per share.
    * Revenue fell 3.5% to $276.15 million from a year ago;
analysts
expected $284.34 million. 
    * Prosperity Bancshares Inc's reported EPS for the quarter
was 94
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.6%
in the last three months.​ 
    * In the last 30 days, nine analysts negatively revised
earnings
estimates 
    * Prosperity Bancshares Inc shares had risen by 8.6% this
quarter and lost 15.6% so far this year.
    * The company reported quarterly net income of $86.94
million.
    * Wall Street's median 12-month price target for Prosperity
Bancshares Inc is $65.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.15           0.94           Missed
 Mar. 31 2023      1.34           1.37           Beat
 Dec. 31 2022      1.49           1.51           Beat
 Sep. 30 2022      1.49           1.49           Met