VersaBank expected to post earnings of 42 cents a share - Earnings Preview
11/12/2023 13:34
* VersaBank VBNK.TO is expected to show a rise in
quarterly
revenue when it reports results on December 13 for the period
ending July 31 2023
* The London Ontario-based company is expected to report a
10.9% increase in revenue to C$26.9 million from C$24.25 million
a year ago, according to the estimate from one analyst, based on
LSEG data. (Sales is on Net interest income basis)
* LSEG's mean analyst estimate for VersaBank is for
earnings of
42 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for VersaBank
is
C$14.00, above its last closing price of C$10.87.
Previous quarterly performance (using preferred earnings measure
in Canadian dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Jul. 31 2023 0.40 0.40 0.38 Missed -5.8
Apr. 30 2023 0.35 0.36 0.38 Beat 7
Jan. 31 2023 0.26 0.26 0.34 Beat 29.5
Oct. 31 2022 0.24 0.25 0.23 Missed -9.2
Jul. 0.21 0.21 0.20 Missed -6.2
31 2022
Apr. 30 2022 0.23 0.23 0.17 Missed -25
Jan. 31 2022 0.23 0.23 0.19 Missed -17.4
Oct. 31 2021 0.26 0.26 0.24 Missed -7.7
This summary was machine generated December 11 at 13:33 GMT.
All figures in Canadian 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)