Veritex Holdings Inc reports results for the quarter ended in December - Earnings Summary

Veritex Holdings

23/01/2024 22:54

* Veritex Holdings Inc  VBTX.OQ  reported quarterly adjusted
earnings of 58 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 76 cents.  The mean expectation of
six analysts for the quarter was for earnings of 62 cents per
share. Wall Street expected results to range from 59 cents to 65
cents per share.
    * Revenue fell 35.4% to $77.74 million from a year ago;
analysts
expected $110.66 million. 
    * Veritex Holdings Inc's reported EPS for the quarter was 6
cents​.
    * The company reported quarterly net income of $3.5 million.
    * Veritex Holdings Inc shares had fallen by 1.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for Veritex Holdings
Inc is $26.00 
This summary was machine generated from LSEG data January 23 at
10:53 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.62           0.58           Missed
 Sep. 30 2023      0.64           0.60           Missed
 Jun. 30 2023      0.75           0.64           Missed
 Mar. 31 2023      0.74           0.79           Beat