A Preview Of First Internet's Earnings
Portfolio Pulse from Benzinga Insights
First Internet (NASDAQ:INBK) is expected to release its quarterly earnings report on January 24, 2024. Analysts predict an EPS of $0.31. Investors are looking for an earnings beat and positive guidance for the next quarter. Last quarter, INBK beat EPS estimates by $0.03, leading to a 9.81% stock price increase the following day. Shares are currently trading at $27.16, with a 9.47% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
January 23, 2024 | 7:01 pm
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POSITIVE IMPACT
First Internet is anticipated to report an EPS of $0.31 in its upcoming earnings. A previous beat resulted in a significant stock price increase. Positive guidance could further boost investor confidence.
Given INBK's history of a stock price increase following an earnings beat last quarter, a similar or better performance could lead to a short-term positive impact on the stock price. The anticipation of positive guidance also plays a crucial role in investor sentiment.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100