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Here's What Key Metrics Tell Us About Esquire Financial (ESQ) Q2 Earnings
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Esquire Financial Holdings, Inc. (ESQ - Free Report) reported $30.6 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 14.3%. EPS of $1.25 for the same period compares to $1.10 a year ago.
The reported revenue represents a surprise of +2.02% over the Zacks Consensus Estimate of $29.99 million. With the consensus EPS estimate being $1.21, the EPS surprise was +3.31%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Esquire Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency ratio: 49.8% versus the two-analyst average estimate of 49.8%.
Total Interest Earning Assets: $1.58 billion versus $1.59 billion estimated by two analysts on average.
Net Interest Margin: 6.2% versus 6% estimated by two analysts on average.
Net Interest Income: $24.32 million compared to the $23.56 million average estimate based on two analysts.
Payment processing fees: $5.32 million compared to the $5.35 million average estimate based on two analysts.
Total Non-Interest Income: $6.28 million versus $6.43 million estimated by two analysts on average.
Shares of Esquire Financial have returned +26.4% over the past month versus the Zacks S&P 500 composite's -1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Esquire Financial (ESQ) Q2 Earnings
Esquire Financial Holdings, Inc. (ESQ - Free Report) reported $30.6 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 14.3%. EPS of $1.25 for the same period compares to $1.10 a year ago.
The reported revenue represents a surprise of +2.02% over the Zacks Consensus Estimate of $29.99 million. With the consensus EPS estimate being $1.21, the EPS surprise was +3.31%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Esquire Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency ratio: 49.8% versus the two-analyst average estimate of 49.8%.
- Total Interest Earning Assets: $1.58 billion versus $1.59 billion estimated by two analysts on average.
- Net Interest Margin: 6.2% versus 6% estimated by two analysts on average.
- Net Interest Income: $24.32 million compared to the $23.56 million average estimate based on two analysts.
- Payment processing fees: $5.32 million compared to the $5.35 million average estimate based on two analysts.
- Total Non-Interest Income: $6.28 million versus $6.43 million estimated by two analysts on average.
View all Key Company Metrics for Esquire Financial here>>>Shares of Esquire Financial have returned +26.4% over the past month versus the Zacks S&P 500 composite's -1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.