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

Veritex Holdings

24/07/2024 24:45

* Veritex Holdings Inc  VBTX.OQ  reported quarterly adjusted
earnings of 52 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 64 cents.  The mean expectation of six analysts for the
quarter was for earnings of 53 cents per share. Wall Street
expected results to range from 51 cents to 56 cents per share.
    * Revenue fell 6.7% to $106.81 million from a year ago;
analysts
expected $108.39 million. 
    * Veritex Holdings Inc's reported EPS for the quarter was 50
cents​.
    * The company reported quarterly net income of $27.2
million.
    * Veritex Holdings Inc shares had risen by 14.2% this
quarter and
gained 3.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.5%
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 July 23 at
11:45 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
 Jun. 30 2024      0.53           0.52           Missed
 Mar. 31 2024      0.56           0.57           Beat
 Dec. 31 2023      0.62           0.58           Missed
 Sep. 30 2023      0.64           0.60           Missed