Regional banking company Wintrust Financial (NASDAQ:WTFC) will be announcing earnings results this Tuesday afternoon. Here’s what to expect.
Wintrust Financial beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $697.7 million, up 13.3% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS and tangible book value per share estimates.
Is Wintrust Financial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Wintrust Financial’s revenue to grow 9% year on year to $702.7 million, slowing from the 12.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.93 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. Wintrust Financial has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Wintrust Financial’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. First Horizon delivered year-on-year revenue growth of 8.1%, beating analysts’ expectations by 3.2%, and BOK Financial reported revenues up 12.2%, topping estimates by 7.1%. First Horizon traded up 102% following the results while BOK Financial was also up 2.3%.
Read our full analysis of First Horizon’s results here and BOK Financial’s results here.
Investors in the regional banks segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Wintrust Financial is down 2.2% during the same time and is heading into earnings with an average analyst price target of $161.93 (compared to the current share price of $145.96).
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.