Customers Bancorp's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Customers Bancorp (NYSE:CUBI) is expected to release its quarterly earnings report on January 25, 2024, with an estimated EPS of $1.72. Investors are looking for an earnings beat and positive guidance for future growth. Historically, CUBI's stock price has been sensitive to earnings performance and guidance. Last quarter, CUBI beat the EPS estimate by $1.00, resulting in a 17.81% stock price increase the following day. Over the past year, CUBI shares have risen 102.02%, indicating a positive trend for long-term shareholders.
January 24, 2024 | 3:01 pm
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Customers Bancorp is anticipated to release its earnings report with a focus on whether it will surpass the expected EPS of $1.72 and provide positive future guidance. Historically, beats have led to significant stock price increases.
Given CUBI's history of stock price increases following earnings beats, and considering the 102.02% rise over the past 52 weeks, a positive report could likely lead to a short-term price increase. However, the market's reaction can be unpredictable and may also heavily weigh on the guidance provided.
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IMPORTANCE 90
RELEVANCE 100