Earnings Preview For Independent Bank Gr – Independent Bank Gr (NASDAQ:IBTX)

Independent Bank Gr IBTX is set to give its latest quarterly earnings report on Monday, 2024-01-22. Here’s what investors need to know before the announcement.

Analysts estimate that Independent Bank Gr will report an earnings per share (EPS) of $0.67.

Independent Bank Gr 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).

Past Earnings Performance

Last quarter the company beat EPS by $0.06, which was followed by a 2.03% drop in the share price the next day.

Here’s a look at Independent Bank Gr’s past performance and the resulting price change:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 0.73 0.87 0.81 1.28
EPS Actual 0.79 0.82 1.07 1.20
Price Change % -2.03% -1.02% -8.07% -3.34%

Stock Performance

Shares of Independent Bank Gr were trading at $49.62 as of January 17. Over the last 52-week period, shares are down 19.09%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for Independent Bank Gr visit their earnings calendar on our site.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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