Back to top
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies. In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Image: Bigstock
Axos Financial (AX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2023, Axos Financial (AX - Free Report) reported revenue of $352.74 million, up 54.6% over the same period last year. EPS came in at $1.60, compared to $1.38 in the year-ago quarter.
The reported revenue represents a surprise of +42.77% over the Zacks Consensus Estimate of $247.07 million. With the consensus EPS estimate being $1.39, the EPS surprise was +15.11%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Axos Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 4.6% versus 4.3% estimated by four analysts on average.
- Efficiency ratio: 34.5% versus the four-analyst average estimate of 48.7%.
- Net charge-offs to average loans: 0% versus 0.1% estimated by three analysts on average.
- Average Interest-Earning Assets: $20.12 billion compared to the $19.89 billion average estimate based on three analysts.
- Total Non-performing loans: $122.51 million compared to the $115.70 million average estimate based on two analysts.
- Total Non-performing Assets: $129.83 million versus $124.84 million estimated by two analysts on average.
- Net Interest Income: $228.61 million versus $215.27 million estimated by four analysts on average.
- Mortgage Banking Income: $0.75 million versus the three-analyst average estimate of $1.22 million.
- Banking and service fees: $10.06 million versus the two-analyst average estimate of $8.93 million.
- Prepayment penalty fee income: $1.04 million versus $1.88 million estimated by two analysts on average.
View all Key Company Metrics for Axos Financial here>>>Shares of Axos Financial have returned +4.2% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.