Regional banking company Peoples Bancorp (NASDAQ: PEBO) will be reporting results this Tuesday before the bell. Here’s what investors should know.
Peoples Bancorp met analysts’ revenue expectations last quarter, reporting revenues of $113 million, flat year on year. It was a slower quarter for the company, with a miss of analysts’ EPS estimates.
Is Peoples Bancorp a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Peoples Bancorp’s revenue to grow 1.5% year on year to $113.1 million, slowing from the 3.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.77 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Peoples Bancorp has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2.5% on average.
Looking at Peoples Bancorp’s peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Texas Capital Bank delivered year-on-year revenue growth of 15.2%, beating analysts’ expectations by 2.7%, and Nicolet Bankshares reported revenues up 12.7%, topping estimates by 4.4%. Texas Capital Bank traded up 4.8% following the results while Nicolet Bankshares was also up 7.8%.
Read our full analysis of Texas Capital Bank’s results here and Nicolet Bankshares’s results here.
There has been positive sentiment among investors in the regional banks segment, with share prices up 7.7% on average over the last month. Peoples Bancorp is up 5.8% during the same time and is heading into earnings with an average analyst price target of $33.17 (compared to the current share price of $31.62).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
