We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Dime Community (DCOM) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Read MoreHide Full Article
In its upcoming report, Dime Community (DCOM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.48 per share, reflecting a decline of 51.5% compared to the same period last year. Revenues are forecasted to be $81.01 million, representing a year-over-year decrease of 23.8%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 5.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Dime Community metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Net Interest Margin' will reach 2.2%. Compared to the current estimate, the company reported 3.2% in the same quarter of the previous year.
According to the collective judgment of analysts, 'Average Balance - Total interest-earning assets' should come in at $12.89 billion. The estimate is in contrast to the year-ago figure of $12.20 billion.
The average prediction of analysts places 'Total Non-Interest Income' at $8.69 million. Compared to the present estimate, the company reported $9.47 million in the same quarter last year.
Analysts forecast 'Net Interest Income' to reach $72.34 million. The estimate compares to the year-ago value of $96.80 million.
Over the past month, Dime Community shares have recorded returns of -4.4% versus the Zacks S&P 500 composite's +2.1% change. Based on its Zacks Rank #4 (Sell), DCOM will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Dime Community (DCOM) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
In its upcoming report, Dime Community (DCOM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.48 per share, reflecting a decline of 51.5% compared to the same period last year. Revenues are forecasted to be $81.01 million, representing a year-over-year decrease of 23.8%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 5.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Dime Community metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Net Interest Margin' will reach 2.2%. Compared to the current estimate, the company reported 3.2% in the same quarter of the previous year.
According to the collective judgment of analysts, 'Average Balance - Total interest-earning assets' should come in at $12.89 billion. The estimate is in contrast to the year-ago figure of $12.20 billion.
The average prediction of analysts places 'Total Non-Interest Income' at $8.69 million. Compared to the present estimate, the company reported $9.47 million in the same quarter last year.
Analysts forecast 'Net Interest Income' to reach $72.34 million. The estimate compares to the year-ago value of $96.80 million.
View all Key Company Metrics for Dime Community here>>>
Over the past month, Dime Community shares have recorded returns of -4.4% versus the Zacks S&P 500 composite's +2.1% change. Based on its Zacks Rank #4 (Sell), DCOM will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>