Earnings Outlook For VersaBank
Portfolio Pulse from Benzinga Insights
VersaBank (NASDAQ:VBNK) is scheduled to release its quarterly earnings report on March 6, 2024, with analysts expecting an EPS of $0.35. The company's past performance shows a pattern of beating EPS estimates, leading to positive stock price movements. Shares are currently trading at $11.71, reflecting a 57.72% increase over the last 52 weeks. Investors are advised to watch for the company's guidance for the next quarter, as it often significantly impacts stock prices.
March 05, 2024 | 3:04 pm
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VersaBank is expected to report an EPS of $0.35 for the upcoming quarter. Historical data shows positive stock movement following earnings beats and guidance announcements.
Given VersaBank's history of beating EPS estimates and the subsequent positive stock price reactions, there is a strong likelihood of a positive short-term impact on VBNK's stock price if the trend continues. The anticipation of positive guidance for the next quarter further supports this outlook.
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IMPORTANCE 90
RELEVANCE 100