Earnings To Watch: FB Financial (FBK) Reports Q2 Results Tomorrow
Earnings To Watch: FB Financial (FBK) Reports Q2 Results Tomorrow

Earnings To Watch: FB Financial (FBK) Reports Q2 Results Tomorrow

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Earnings To Watch: FB Financial (FBK) Reports Q2 Results Tomorrow

FB Financial missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $130.7 million. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. There has been positive investor sentiment in the segment, with share prices up 10.2% on average over last month. FB Financial is heading into Earnings with an average analyst price target of $57.20 (compared to the current share price of $48.22).

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Regional banking company FB Financial (NYSE:FBK) will be reporting earnings this Monday after market close. Here’s what investors should know.

FB Financial missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $130.7 million, up 21.6% year on year. It was a slower quarter for the company, with a slight miss of analysts’ net interest income estimates and EPS in line with analysts’ estimates.

Is FB Financial a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting FB Financial’s revenue to grow 6.1% year on year to $136 million, improving from the 2.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.88 per share.

FB Financial Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

With FB Financial being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for banks stocks. However, there has been positive investor sentiment in the segment, with share prices up 10.2% on average over the last month. FB Financial is up 11.6% during the same time and is heading into earnings with an average analyst price target of $57.20 (compared to the current share price of $48.22).

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Source: Finance.yahoo.com | View original article

Source: https://finance.yahoo.com/news/earnings-watch-fb-financial-fbk-030056410.html

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