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What Analyst Projections for Key Metrics Reveal About Mercantile Bank (MBWM) Q2 Earnings
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Wall Street analysts forecast that Mercantile Bank (MBWM - Free Report) will report quarterly earnings of $1.17 per share in its upcoming release, pointing to a year-over-year decline of 7.9%. It is anticipated that revenues will amount to $56.23 million, exhibiting an increase of 1.9% compared to the year-ago quarter.
The current level reflects an upward revision of 1.3% 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.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Mercantile Bank metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Efficiency Ratio' to reach 54.3%. The estimate compares to the year-ago value of 50.4%.
The collective assessment of analysts points to an estimated 'Net Interest Margin' of 3.7%. Compared to the present estimate, the company reported 4.1% in the same quarter last year.
The consensus among analysts is that 'Average Balance - Total interest-earning assets' will reach $5.17 billion. The estimate is in contrast to the year-ago figure of $4.72 billion.
According to the collective judgment of analysts, 'Total Noninterest Income' should come in at $9.07 million. Compared to the present estimate, the company reported $7.65 million in the same quarter last year.
Based on the collective assessment of analysts, 'Net Interest Income' should arrive at $46.90 million. Compared to the current estimate, the company reported $47.55 million in the same quarter of the previous year.
Over the past month, shares of Mercantile Bank have returned +7.2% versus the Zacks S&P 500 composite's +5.1% change. Currently, MBWM 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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What Analyst Projections for Key Metrics Reveal About Mercantile Bank (MBWM) Q2 Earnings
Wall Street analysts forecast that Mercantile Bank (MBWM - Free Report) will report quarterly earnings of $1.17 per share in its upcoming release, pointing to a year-over-year decline of 7.9%. It is anticipated that revenues will amount to $56.23 million, exhibiting an increase of 1.9% compared to the year-ago quarter.
The current level reflects an upward revision of 1.3% 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.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Mercantile Bank metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Efficiency Ratio' to reach 54.3%. The estimate compares to the year-ago value of 50.4%.
The collective assessment of analysts points to an estimated 'Net Interest Margin' of 3.7%. Compared to the present estimate, the company reported 4.1% in the same quarter last year.
The consensus among analysts is that 'Average Balance - Total interest-earning assets' will reach $5.17 billion. The estimate is in contrast to the year-ago figure of $4.72 billion.
According to the collective judgment of analysts, 'Total Noninterest Income' should come in at $9.07 million. Compared to the present estimate, the company reported $7.65 million in the same quarter last year.
Based on the collective assessment of analysts, 'Net Interest Income' should arrive at $46.90 million. Compared to the current estimate, the company reported $47.55 million in the same quarter of the previous year.
View all Key Company Metrics for Mercantile Bank here>>>
Over the past month, shares of Mercantile Bank have returned +7.2% versus the Zacks S&P 500 composite's +5.1% change. Currently, MBWM 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 >>>>