Earnings Preview For Independent Bank
Independent Bank IBCP is set to give its latest quarterly earnings report on Thursday, 2023-01-26. Here's what investors need to know before the announcement.
Analysts estimate that Independent Bank will report an earnings per share (EPS) of $0.73.
Independent Bank bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company beat EPS by $0.21, which was followed by a 0.59% increase in the share price the next day.
Here's a look at Independent Bank's past performance and the resulting price change:
Continue read on benzinga.com