Analysts on Wall Street project that Midland States Bancorp (MSBI) will announce quarterly earnings of $0.70 per share in its forthcoming report, representing a decline of 21.4% year over year. Revenues are projected to reach $73.85 million, declining 6% from the same quarter last year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Midland States Bancorp metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Net Interest Margin' will reach 3.1%. The estimate compares to the year-ago value of 3.2%.
The combined assessment of analysts suggests that 'Efficiency Ratio' will likely reach 62.7%. Compared to the present estimate, the company reported 55.2% in the same quarter last year.
Based on the collective assessment of analysts, 'Average Interest-Earning Assets' should arrive at $7.06 billion. Compared to the current estimate, the company reported $7.20 billion in the same quarter of the previous year.
It is projected by analysts that the 'Wealth management revenue' will reach $7.08 million. Compared to the current estimate, the company reported $6.60 million in the same quarter of the previous year.
Analysts forecast 'Net Interest Income (FTE)/Adjusted net interest income' to reach $55.32 million. The estimate compares to the year-ago value of $58.26 million.
The consensus estimate for 'Total Noninterest Income' stands at $18.15 million. The estimate compares to the year-ago value of $20.51 million.
According to the collective judgment of analysts, 'Service charges on deposit accounts' should come in at $3.13 million. The estimate compares to the year-ago value of $3.25 million.
Analysts predict that the 'Interchange revenue' will reach $3.78 million. The estimate compares to the year-ago value of $3.59 million.
View all Key Company Metrics for Midland States Bancorp here>>>
Over the past month, shares of Midland States Bancorp have remained unchanged versus the Zacks S&P 500 composite's -0.4% change. Currently, MSBI carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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