A Preview Of Independent Bank's Earnings
Portfolio Pulse from Benzinga Insights
Independent Bank (NASDAQ:INDB) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an EPS of $1.36. The bank's past performance shows a trend of share price drops following earnings misses. The bank's shares are currently trading at $51.63, down 35.31% over the last 52-week period.
July 19, 2023 | 4:02 pm
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Independent Bank's upcoming earnings report could impact its stock price. Past performance shows a trend of share price drops following earnings misses. The bank's shares are currently down 35.31% over the last 52-week period.
The upcoming earnings report is a significant event for Independent Bank. Given the bank's past performance, where share prices dropped following earnings misses, there is a potential for a similar trend if the bank misses the estimated EPS of $1.36. The bank's shares have been on a downward trend, which could indicate investor sentiment is bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100