Veritex Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Veritex Holdings

23/10/2024 05:11

* Veritex Holdings Inc  VBTX.OQ  reported quarterly adjusted
earnings of 59 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 60 cents.  The mean expectation of six analysts
for the quarter was for earnings of 55 cents per share. Wall
Street expected results to range from 52 cents to 58 cents per
share.
    * Revenue rose 3.8% to $113.17 million from a year ago;
analysts
expected $110.24 million. 
    * Veritex Holdings Inc's reported EPS for the quarter was 56
cents​.
    * The company reported quarterly net income of $31 million.
    * Veritex Holdings Inc shares had risen by 2.6% this
quarter and
gained 16.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
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 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Veritex Holdings
Inc is $29.50 
This summary was machine generated from LSEG data October 23 at
04:11 a.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
 Sep. 30 2024      0.55           0.59           Beat
 Jun. 30 2024      0.53           0.52           Missed
 Mar. 31 2024      0.56           0.53           Missed
 Dec. 31 2023      0.62           0.58           Missed