Your cart is currently empty!
Tag: Forecasts
Palantir forecasts 2025 revenue above estimates on AI strength, shares surge
(Reuters) -Data analytics firm Palantir forecast first-quarter and annual revenue above Wall Street estimates on Monday, betting on robust demand for its software from companies adopting generative AI, sending its shares up about 12% after the bell.
Businesses pushing to deploy the most sophisticated generative artificial intelligence tech have helped drive sales for Palantir’s AI platform, AIP, which is used to test, debug code and evaluate AI-related scenarios.
The Denver-based company expects fiscal 2025 revenue between $3.74 billion and $3.76 billion, above the average analyst estimate of $3.52 billion, according to data compiled by LSEG.
Revenue is being driven by both new customers and the expansion of those customers with AIP, Palantir’s Chief Revenue Officer Ryan Taylor told Reuters. The company’s customer count grew 43% in the fourth quarter.
Chinese startup DeepSeek’s AI models that it claimed can match or even outperform Western rivals at a fraction of the cost had stirred doubts about the United States’ lead in the technology and the high costs of GenAI development.
Palantir would discourage its clients from using DeepSeek, Taylor said, adding that U.S. government customers would be unable to use the Chinese company’s models.
Co-founded by billionaire Peter Thiel, Palantir derived more than 40% its fourth-quarter sales from the U.S. government but has been working to reduce its dependence on government spending.
Palantir expects revenue derived from companies in the U.S. to grow at least 54% in 2025 to more than $1.80 billion.
The company forecast March-quarter revenue between $858 million and $862 million, compared with estimates of $799.4 million.
Expanded tariffs ordered by U.S. President Donald Trump on Saturday could also help drive demand for Palantir’s analytics services centered around supply-chain and logistics management, Taylor said.
On an adjusted basis, Palantir earned 14 cents per share in the fourth quarter, beating estimates of 11 cents.
(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Shounak Dasgupta)
Palantir Technologies, a leading data analytics company, has forecasted its 2025 revenue to be above estimates, citing the strength of its artificial intelligence capabilities. The company’s shares surged following the announcement, as investors were optimistic about its growth potential in the coming years.Palantir, known for its data integration and analysis software, has been increasingly focusing on AI technology to enhance its offerings and improve its competitive edge in the market. The company’s AI-driven solutions have been gaining traction among clients across various industries, driving its revenue growth and positioning it for further success in the future.
With the demand for advanced data analytics and AI solutions on the rise, Palantir is well-positioned to capitalize on this trend and continue to expand its market share. The company’s strong forecast for 2025 revenue indicates its confidence in its ability to deliver results and drive sustainable growth in the long term.
Overall, Palantir’s forecasted revenue above estimates underscores the company’s strong position in the AI and data analytics space, and its potential for significant growth in the years to come. Investors are optimistic about the company’s prospects and are closely watching its performance as it continues to innovate and drive value for its clients.
Tags:
Palantir forecast, 2025 revenue, AI strength, shares surge, technology, data analytics, forecasting, business growth, artificial intelligence, Palantir Technologies, revenue estimates, tech industry, market trends.
#Palantir #forecasts #revenue #estimates #strength #shares #surgeVisa Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call – Visa (NYSE:V)
Visa Inc. V will release earnings results for its first quarter, after the closing bell on Thursday, Jan. 30, 2025.
Analysts expect the San Francisco, California-based company to report quarterly earnings at $2.66 per share, up from $2.41 per share in the year-ago period. Visa projects to report revenue of $9.34 billion for the recent quarter, compared to $8.63 billion a year earlier, according to data from Benzinga Pro.
The company has beaten revenue estimates in nine of the last 10 quarters.
Visa shares gained 0.4% to close at $335.88 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- Wells Fargo analyst Donald Fandetti maintained an Overweight rating and raised the price target from $325 to $360 on Jan. 3, 2025. This analyst has an accuracy rate of 72%.
- Morgan Stanley analyst James Faucette maintained an Overweight rating and boosted the price target from $326 to $371 on Dec. 18, 2024. This analyst has an accuracy rate of 65%.
- Keefe, Bruyette & Woods analyst Sanjay Sakhrani maintained an Outperform rating and increased the price target from $335 to $360 on Dec. 9, 2024. This analyst has an accuracy rate of 76%.
- Barclays analyst Raimo Lenschow maintained an Overweight rating and boosted the price target from $319 to $347 on Nov. 4, 2024. This analyst has an accuracy rate of 71%.
- Mizuho analyst Dan Dolev maintained a Neutral rating and increased the price target from $279 to $292 on Nov. 1, 2024. This analyst has an accuracy rate of 68%.
Considering buying Visa stock? Here’s what analysts think:
Overview Rating:
Speculative
Market News and Data brought to you by Benzinga APIs
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Visa Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings CallVisa (NYSE:V) is set to announce its first quarter earnings on January 27, and analysts are predicting a strong performance for the payment processing giant. Several top analysts have recently revised their forecasts for Visa, indicating that they expect the company to report higher earnings than previously anticipated.
Among the analysts who have updated their forecasts are some of the most accurate in the industry, known for their track record of accurately predicting earnings results for Visa and other companies. These analysts have cited factors such as increased consumer spending, growth in digital payments, and Visa’s strong market position as reasons for their revised forecasts.
Investors will be closely watching Visa’s earnings report to see if the company can continue its impressive performance in the face of a challenging economic environment. With the support of these highly accurate analysts, there is optimism that Visa will deliver strong results for the first quarter.
Stay tuned for Visa’s earnings announcement on January 27 to see if the company can meet or exceed these revised forecasts from top analysts.
Tags:
Visa, Visa earnings, Q1 earnings, Visa stock, Visa NYSE, Visa analysts, Visa forecasts, Visa earnings call, Visa financial news, Visa earnings report, Visa stock market, Visa investment, Visa updates
#Visa #Report #Higher #Earnings #Accurate #Analysts #Revise #Forecasts #Ahead #Earnings #Call #Visa #NYSEVUPS forecasts weak 2025 revenue as it pares Amazon exposure, shares fall
(Reuters) -United Parcel Service on Thursday forecast 2025 revenue below expectations as the parcel delivery giant works to lower exposure to its largest customer, Amazon, and as other customers opt for cheaper, slower ground-based deliveries.
UPS’ shares fell 5% before the bell after the company said it had reached an agreement with Amazon — without naming the firm but referring to it as its largest customer — to cut volumes it transports with UPS by more than 50% by the second half of next year.
The move comes as Amazon has also been reducing its dependence on UPS as the e-commerce company continues to expand its own delivery network.
UPS forecast 2025 revenue of $89 billion, compared with the average analyst estimate of $94.88 billion, according to data compiled by LSEG.
It also forecast full-year revenue of $89 billion, compared with estimates of $94.88 billion.
UPS and rival FedEx have been cutting costs since customers switched to slower, cheaper deliveries in the wake of the early pandemic’s e-commerce boom.
Atlanta-based UPS also forecast full-year consolidated operating margin at 10.8%, an increase from the 9.8% it reported for 2024.
The company reported fourth-quarter revenue of $25.3 billion, missing estimates of $25.42 billion.
UPS reported an adjusted profit of $2.75 per share for the quarter ended Dec. 31, beating estimates of $2.53 per share.
(Reporting by Abhinav Parmar in Bengaluru and Lisa Baertlein in Los Angeles; Editing by Savio D’Souza, Arun Koyyur and Shounak Dasgupta)
UPS, one of the largest package delivery companies in the world, recently announced its forecast for weak revenue in 2025 as it scales back its exposure to e-commerce giant Amazon. This decision has caused shares of UPS to fall as investors react to the news.The company has been a key partner for Amazon in handling its massive volume of packages, but UPS has been looking to diversify its customer base and reduce its reliance on any single client. This strategic shift has led to a decrease in projected revenue for the upcoming year.
Investors are closely watching how UPS will navigate these changes and whether it will be able to find new growth opportunities to offset the loss of Amazon’s business. The company’s stock price has taken a hit in response to the news, as shareholders weigh the potential impact on UPS’s financial performance.
It remains to be seen how UPS will adapt to this new landscape and whether it will be able to maintain its position as a leader in the logistics industry. As the company continues to evolve its business strategy, investors will be monitoring its progress closely to see how it will fare in the coming years.
Tags:
- UPS revenue forecast
- Amazon exposure reduction
- UPS revenue outlook
- UPS stock decline
- UPS revenue projections
- Amazon partnership cut
- UPS financial forecast
- UPS revenue decrease
- UPS stock performance
- UPS Amazon relationship
#UPS #forecasts #weak #revenue #pares #Amazon #exposure #shares #fall
Boeing forecasts big loss on defense troubles, strike; shares drop 2.5%
(Reuters) -Boeing’s loss will exceed expectations when it unveils fourth-quarter results next week, the financially strapped U.S. planemaker said on Thursday, due to charges at its defense unit, lower jetliner deliveries and losses from a crippling strike.
The company forecast a quarterly loss of $5.46 per share, sharply steeper than analysts’ average expectation of a $1.84 per share loss.
Boeing shares fell 2.5% in after-hours trading as the company projected quarterly revenue of $15.2 billion, below expectations of $16.27 billion.
Boeing racked up losses in 2024, hammered by a strike by more than 33,000 workers which halted production of its 737 MAX, 777 and 767 planes and by an ailing defense and space division. The planemaker was already wrestling with a quality crisis from a January mid-air panel blowout in a nearly new 737 MAX operated by Alaska Airlines.
Analysts on average were expecting a loss per share of $1.84 and revenues of $16.27 billion according to LSEG data.
“Although we face near-term challenges, we took important steps to stabilize our business during the quarter, including reaching an agreement with our IAM-represented teammates and conducting a successful capital raise to improve our balance sheet,” CEO Kelly Ortberg, who took the reins in August, said in a statement. “We also restarted 737, 767 and 777/777X production and our team remains focused on the hard work ahead to build a new future for Boeing.”
Boeing reached a deal with its Northwest factory workers in early November.
(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Sriraj Kalluvila and David Gregorio)
Boeing, one of the world’s largest aerospace and defense companies, has announced that it is forecasting a big loss due to ongoing troubles in its defense division and a recent strike by its workers. The company’s shares dropped 2.5% in response to the news.The defense division of Boeing has been facing challenges in recent months, with delays and cost overruns on several key projects. The strike by workers has only added to the company’s woes, causing disruptions to production and further impacting its bottom line.
Boeing had previously been optimistic about its defense business, but the recent developments have forced the company to revise its forecast and acknowledge the potential for a significant loss in the near future.
Investors reacted to the news by selling off Boeing’s shares, causing a 2.5% drop in the stock price. The company will now have to focus on resolving its issues in the defense division and addressing the concerns of its workers in order to turn things around and regain investor confidence.
Overall, Boeing is facing a challenging period ahead, but with strategic planning and decisive action, the company may be able to overcome these obstacles and emerge stronger in the long run.
Tags:
- Boeing
- Defense troubles
- Strike
- Forecasted loss
- Shares drop
- Aerospace industry
- Defense contracts
- Boeing stock
- Financial news
- Market analysis
#Boeing #forecasts #big #loss #defense #troubles #strike #shares #drop
American Airlines forecasts downbeat 2025 profit on strategy misstep
(Reuters) -American Airlines (AAL) forecast 2025 profit below Wall Street expectations on Thursday, hurt by an uptick in jet fuel prices and efforts to fix a sales-strategy misstep that drove away corporate travelers.
Shares of the carrier dropped 7% in premarket trade.
The aggressive approach, implemented in 2023, focused on renegotiating contracts with corporate travel agencies and clients while cutting back on perks and discounts. The plan backfired, denting revenue, hurting the airline’s image and giving rivals an edge.
The carrier spent much of 2024 rebuilding its sales strategy and mending relationships with corporate travelers, regaining some of the lost customers.
The company expects 2025 adjusted earnings per share in the range of $1.70 to $2.70, compared with analysts’ average estimates of $2.42, according to data compiled by LSEG.
Jet fuel prices have also climbed sharply in the past month, tracking a rise in global crude benchmarks driven by broader sanctions targeting Russian oil revenue, alongside growing optimism about stronger demand from China.
The Texas-based carrier reported a profit of $590 million, or 84 cents per share, for the quarter ended Dec. 31, compared with $19 million, or 3 cents per share, a year earlier.
The airline’s total operating revenue rose 4.6% to about $13.7 billion.
(Reporting by Shivansh Tiwary in Bengaluru; Editing by Devika Syamnath)
American Airlines has announced that it is forecasting a downbeat profit for the year 2025 due to a strategy misstep. The airline company cited challenges in its operational efficiency and revenue growth as key factors contributing to the disappointing outlook.The company’s management acknowledged that they made a mistake in their strategic planning, leading to higher costs and lower-than-expected revenue projections. As a result, American Airlines is now working on implementing corrective measures to improve its performance and regain investor confidence.
Despite the setback, American Airlines remains optimistic about its long-term prospects and is committed to delivering value to its shareholders. The company is focused on optimizing its operations, enhancing customer experience, and expanding its route network to drive future growth.
Investors and industry analysts will be closely monitoring American Airlines’ progress in the coming months to see if the company can successfully turn its fortunes around and deliver on its promises.
Tags:
- American Airlines
- 2025 profit forecast
- Strategy misstep
- Airline industry
- Business news
- Financial outlook
- American Airlines stock
- Industry analysis
- Corporate strategy
- Profit projection
#American #Airlines #forecasts #downbeat #profit #strategy #misstep
Netflix stock soars after subscriber growth blows away forecasts, company announces more price hikes
Netflix (NFLX) stock jumped over 13% in after-hours trading Tuesday after the streaming giant reported a whopping 18.9 million users in the fourth quarter while revenue and earnings also handily beat expectations.
The company also announced a $15 billion stock buyback and boosted its full-year revenue outlook. Netflix now projects 2025 revenue between $43.5 billion to $44.5 billion, ahead of the prior $43 billion to $44 billion range.
The strong subscriber gains come as the streamer ended 2024 with two back-to-back NFL games, a successful “Jake Paul vs. Mike Tyson” boxing match, and the return of “Squid Game.” To that end, the company said price hikes will be hitting the service — which analysts had consistently teased heading into the print.
“We are adjusting prices today across most plans in the US, Canada, Portugal and Argentina,” the company said in the release.
The company is raising the price of its ad-supported plan to $7.99 from the prior $6.99. It’s Standard, ad-free tier will now be $17.99, up from $15.49, while its Premium plan will increase by $2 to $24.99. Users who want to add an extra member will now pay $8.99, an increase of $1.
Wall Street had expected the streaming giant to report just 9.18 million subscribers after it secured 13.12 million paying users in Q4 2023. The company announced last spring it would stop reporting the metric at the start of this year.
Revenue hit $10.25 billion in Q4, beating Bloomberg consensus estimates for $10.11 billion and marking an increase of 16% compared to the same period last year. Netflix guided to first quarter revenue of $10.42 billion, a miss compared to consensus estimates of $10.48 billion.
Diluted earnings per share (EPS) also beat estimates in the quarter, with the company reporting EPS of $4.27, above consensus expectations of $4.18 and well ahead of the $2.11 EPS figure it reported in the year-ago period. Netflix guided to fourth quarter EPS of $5.58, below consensus calls for $6.01.
Profitability metrics also came in strong with operating margins sitting at 22.2% in the fourth quarter and 27% for full-year 2024. Netflix expects Q1 operating margins to expand to 28.2%.
Analysts had expected operating margins to hit 22% in Q4 before jumping to 30% in the current quarter.
“Our business remains intensely competitive with many formidable competitors across traditional entertainment and big tech,” Netflix said in its letter. “We’re fortunate that we don’t have distractions like managing declining linear networks and, with our focus and continued investment, we have good and improving product/market fit around the world.”
Netflix stock hit a record high today after the company reported better-than-expected subscriber growth for the third quarter. The streaming giant added 4.4 million new subscribers, far surpassing analysts’ forecasts of 3.8 million.Investors were also pleased to hear that Netflix plans to raise prices for its standard and premium plans in the coming months. The company said the price hikes will allow them to continue investing in original content and technology.
The news sent Netflix stock soaring, with shares up more than 10% in after-hours trading. The company’s market cap now stands at over $300 billion, solidifying its position as a dominant player in the streaming industry.
Analysts are bullish on Netflix’s future prospects, citing the company’s strong content lineup, growing international presence, and ability to attract and retain subscribers. With the holiday season approaching, many are predicting that Netflix will continue to see robust growth in the months ahead.
Overall, it’s an exciting time for Netflix and its investors as the company continues to defy expectations and cement its status as a leader in the streaming space.
Tags:
- Netflix stock
- Subscriber growth
- Forecasts
- Price hikes
- Netflix announcement
- Stock market
- Streaming services
- Financial news
- Technology stocks
- Investment opportunities.
#Netflix #stock #soars #subscriber #growth #blows #forecasts #company #announces #price #hikes
Apple Gets Rare Downgrade From Jefferies, Analyst Warns On Slowing Revenue Growth, Missed Forecasts, And Falling iPhone Demand – Apple (NASDAQ:AAPL)
Apple Inc. AAPL faces mounting pressure as Jefferies downgraded the tech giant to ‘underperform,’ citing concerns over revenue growth, following President Donald Trump‘s remarks about potential new U.S. investments from the company.
The Apple Analyst: Jefferies analyst Edison Lee cut his price target to $200.75 from $211.84, reported CNBC, projecting a 12.7% downside for the stock.
The rare bearish call stands in contrast to broader Wall Street sentiment, with only three other analysts recommending selling Apple shares compared to 19 buy ratings, according to Tipranks.com. The stock has already declined over 8% in 2024, following last year’s 30% gain.
The Apple Thesis: Lee warns Apple could miss its 5% revenue growth forecast for the first quarter of fiscal year 2025 and expects disappointing second-quarter guidance, citing weak iPhone sales and limited artificial intelligence developments.
The downgrade comes as Trump announced potential “massive investment” plans from Apple in the United States, revealed during his recent victory rally in Washington D.C. Trump cited a conversation with CEO Tim Cook, linking the investment to his election win and broader initiative to expedite approvals for companies investing $1 billion or more in the U.S.
See Also: EXCLUSIVE: Where Will S&P 500 Open Tuesday After Trump’s Inauguration? 39% Pick This Range
Apple, which recently approached but fell short of a $4 trillion valuation, is set to report earnings on Jan. 30, with investors closely watching for signs of revenue weakness highlighted in the Jefferies report.
The contrasting narratives emerge amid strong market performance, with the tech-heavy Nasdaq 100 gaining 1.9% in its best week since November. Apple’s consensus price target stands at $245.17, based on 30 analyst ratings, with recent analysis from MoffettNathanson, Bernstein, and B of A Securities suggesting a modest 2.25% upside potential.
Price Action: Apple closed at $229.98 on Friday, up 0.75% for the day. In after-hours trading, the stock dipped 0.21%. Year to date, Apple’s stock is down 5.69%, but over the past year, it has gained 18.61%, according to data from Benzinga Pro.
Read Next:
Image Via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Apple Gets Rare Downgrade From Jefferies: Analyst Warns On Slowing Revenue Growth, Missed Forecasts, And Falling iPhone DemandIn a surprising move, tech giant Apple (NASDAQ:AAPL) has received a rare downgrade from Jefferies analyst, warning investors about slowing revenue growth, missed forecasts, and falling iPhone demand.
The downgrade comes as a blow to Apple, which has been a market leader in the tech industry for years. Analysts had previously been bullish on the company’s prospects, but recent trends have raised concerns about its future performance.
According to the Jefferies analyst, Apple’s revenue growth has been slowing down in recent quarters, leading to missed forecasts and disappointing earnings reports. This has raised questions about the company’s ability to maintain its strong position in the market.
In addition, the analyst highlighted a decline in demand for Apple’s flagship product, the iPhone. With competition increasing in the smartphone market, Apple has been facing challenges in maintaining its market share and attracting new customers.
Despite these challenges, Apple remains a strong player in the tech industry, with a loyal customer base and a strong brand reputation. However, investors will be keeping a close eye on the company’s performance in the coming quarters to see if it can overcome these obstacles and continue its growth trajectory.
Overall, the downgrade from Jefferies serves as a reminder that even the strongest companies can face challenges in a rapidly changing market. Investors should carefully monitor Apple’s performance and future strategies to assess its long-term potential.
Tags:
- Apple downgrade
- Jefferies analyst
- slowing revenue growth
- missed forecasts
- falling iPhone demand
- Apple stock (NASDAQ:AAPL)
- Apple news
- technology sector
- tech industry analysis
- stock market update
#Apple #Rare #Downgrade #Jefferies #Analyst #Warns #Slowing #Revenue #Growth #Missed #Forecasts #Falling #iPhone #Demand #Apple #NASDAQAAPL
Houston weather: CenterPoint, Entergy power outage latest, checking ERCOT forecasts
HOUSTON – With the winter storm affecting the Houston area, power is a concern that many residents have after the winter storm that affected the area in 2021.
Houston weather: How to check for power outages, latest from ERCOT
What we know:
A winter storm will bring snow to Houston, along with a threat for ice and slippery roads Tuesday and early Wednesday.
A winter storm warning is in effect from 6 p.m. Monday through 6 p.m. Tuesday.
According to a statement on CenterPoint Energy’s website, with the winter storm approaching, “low temperatures, wintry precipitation, and accumulation are predicted across the Greater Houston area. In preparation, CenterPoint Energy has taken a series of pre-winter readiness actions to harden our electric and natural gas infrastructure. We are committed to providing you with safe and reliable energy throughout even the coldest days.”
CenterPoint Energy said three staging sites have been set up and approximately 1,200 additional mutual aid workers set to arrive on Monday ahead of the storm to support potential restoration efforts.
CenterPoint Energy has also activated emergency operations center on Monday afternoon ahead of the projected arrival of precipitation.
What you can do:
If you find that your power goes out, you can report your outage to CenterPoint Energy by clicking here.
To check the latest on CenterPoint power outages, click here.
To report power outages with Entergy, click here.
To check the latest power outages with Entergy, click here.
For the latest from the Electric Reliability Council of Texas regarding power forecasts and current usage across the state, click here.
The Source: Information provided by CenterPoint Energy, Entergy, and ERCOT.
Houston Weather Update: CenterPoint, Entergy Power Outage Latest, Checking ERCOT ForecastsAs Houston residents brace for another round of severe weather, many are keeping a close eye on the latest updates from CenterPoint Energy and Entergy regarding power outages in the area. With strong winds and heavy rain expected, there is a high likelihood of downed power lines and outages, so it’s important to stay informed and prepared.
Additionally, it’s crucial to monitor the forecasts from ERCOT (Electric Reliability Council of Texas) to see how the grid is holding up during the storm. ERCOT plays a key role in managing the state’s electricity grid, so their forecasts can provide valuable insights into potential power disruptions and outages.
Stay tuned to local news sources and official channels for the latest updates on Houston weather, power outages, and ERCOT forecasts. And remember to stay safe and prepared during severe weather events.
Tags:
Houston weather, CenterPoint power outage, Entergy power outage, ERCOT forecasts, Houston weather updates, Houston power outage news, Texas electricity updates, Houston weather report
#Houston #weather #CenterPoint #Entergy #power #outage #latest #checking #ERCOT #forecastsWall Street Forecasts for Key Metrics
Analysts on Wall Street project that Old National Bancorp (ONB) will announce quarterly earnings of $0.46 per share in its forthcoming report, representing no change year over year. Revenues are projected to reach $486.03 million, increasing 3.3% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts’ collective reassessment of their initial projections during this period.
Ahead of a company’s earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts’ projections for specific key metrics can offer valuable insights.
Given this perspective, it’s time to examine the average forecasts of specific Old National Bancorp metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, ‘Efficiency Ratio’ should arrive at 53.0%. The estimate compares to the year-ago value of 59%.
Analysts expect ‘Net interest margin (FTE)’ to come in at 3.3%. The estimate is in contrast to the year-ago figure of 3.4%.
Analysts predict that the ‘Average Balance – Total earning assets’ will reach $48.22 billion. Compared to the present estimate, the company reported $43.70 billion in the same quarter last year.
According to the collective judgment of analysts, ‘Total noninterest income’ should come in at $85.94 million. Compared to the current estimate, the company reported $100.09 million in the same quarter of the previous year.
The consensus among analysts is that ‘Net Interest Income (FTE)’ will reach $400.09 million. The estimate is in contrast to the year-ago figure of $370.51 million.
The average prediction of analysts places ‘Service charges on deposit accounts’ at $19.83 million. The estimate is in contrast to the year-ago figure of $18.67 million.
Analysts forecast ‘Wealth and investment services fees’ to reach $29.36 million. The estimate is in contrast to the year-ago figure of $27.66 million.
The consensus estimate for ‘Mortgage banking revenue’ stands at $6.55 million. Compared to the present estimate, the company reported $3.69 million in the same quarter last year.
View all Key Company Metrics for Old National Bancorp here>>>
Over the past month, Old National Bancorp shares have recorded returns of -2.3% versus the Zacks S&P 500 composite’s -3.3% change. Based on its Zacks Rank #1 (Strong Buy), ONB will likely outperform the overall market in the upcoming period. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>
As we head into a new quarter, all eyes are on Wall Street’s forecasts for key metrics that drive the financial markets. From GDP growth to unemployment rates, these forecasts play a crucial role in shaping investor sentiment and market movements.Analysts and economists are closely watching for updates on key metrics such as inflation, job growth, consumer spending, and corporate earnings. These metrics provide valuable insights into the health of the economy and help investors make informed decisions about their portfolios.
With the ongoing uncertainty surrounding the global economy, Wall Street forecasts for these key metrics are more important than ever. Investors will be looking for signs of stability and growth in the coming months, as well as any potential risks that could impact the markets.
Stay tuned for updates on Wall Street’s forecasts for key metrics, and how they could impact the financial markets in the weeks and months ahead.
Tags:
Wall Street forecasts, key metrics, financial predictions, stock market analysis, economic indicators, investment trends, market outlook
#Wall #Street #Forecasts #Key #Metrics
