A Look Ahead: Independent Bank's Earnings Forecast
Portfolio Pulse from Benzinga Insights
Independent Bank (NASDAQ:INDB) is set to release its quarterly earnings report on October 17, 2024. Analysts expect an EPS of $1.05. The market is optimistic about the bank surpassing estimates and providing positive guidance, which could drive stock prices. Last quarter, the company exceeded EPS expectations, resulting in a 2.53% share price increase. Shares are currently trading at $63.04, up 35.1% over the past year.
October 16, 2024 | 3:02 pm
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Independent Bank is expected to release its earnings report with an anticipated EPS of $1.05. The market is optimistic about the bank surpassing estimates and providing positive guidance, which could drive stock prices.
The anticipation of Independent Bank's earnings report and the potential for positive guidance are likely to influence the stock price positively. Last quarter's EPS beat led to a stock price increase, suggesting a similar outcome if expectations are exceeded again.
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