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

Veritex Holdings

23/04/2024 22:01

* Veritex Holdings Inc  VBTX.OQ  reported quarterly adjusted
earnings of 57 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 79 cents.  The mean expectation of six analysts for the
quarter was for earnings of 56 cents per share. Wall Street
expected results to range from 47 cents to 62 cents per share.
    * Revenue fell 9.5% to $105.77 million from a year ago;
analysts
expected $108.91 million. 
    * Veritex Holdings Inc's reported EPS for the quarter was 44
cents​.
    * The company reported quarterly net income of $24.16
million.
    * Veritex Holdings Inc shares had fallen by 0.9% this
quarter and
lost 12.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $25.00 
This summary was machine generated from LSEG data April 23 at
09:01 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
 Mar. 31 2024      0.56           0.57           Beat
 Dec. 31 2023      0.62           0.58           Missed
 Sep. 30 2023      0.64           0.60           Missed
 Jun. 30 2023      0.75           0.64           Missed