Global News – UA – Results: Evans Bancorp, Inc Exceeded Expectations and Consensus Updated Estimates

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Evans Bancorp, Inc (NYSEMKT: EVBN) just released its latest third quarter results and things look upbeat The company beat both profit and revenue expectations, with a figure of business of $ 21 million, about 32% above estimate, and statutory earnings per share (EPS) of $ 0.84, 28% ahead of expectations Analysts typically update their forecasts every results report, and we can judge from their estimates whether their view of the company has changed or if there are new concerns to be addressed.We have put together the most recent statutory forecasts to see if analysts have changed their income models, as a result of these results

Following Latest Results, Both Evans Bancorp Analysts Now Forecast $ 82 Revenue4m in 2021 This would be a major improvement of 24% in sales over the past 12 months Earnings per share is expected to rebound 88% to US $ 330 In the preparation of this report, analysts had modeled revenue of US $ 826 million and earnings per share (EPS) of $ 314 in 2021 Analysts appear to have become more bullish on activity, judging by their new earnings per share estimates

No major changes have been made to the consensus price target of USD30.00, suggesting that improving earnings per share outlook is not enough to have a positive long-term impact on the market. valuation of the action

Of course, another way to look at these forecasts is to put them in context to the industry itself From the latest estimates, it’s clear that Evans Bancorp’s growth rate is expected to rise. accelerate significantly, with forecasted 24% revenue growth significantly faster than its historic 11% pune growth over the past five years.On the other hand, our data suggests that other companies (covered by analysts) in a Similar industry are expected to grow their revenues by 12% per year Given the expected acceleration in revenues, it’s pretty clear that Evans Bancorp is expected to grow much faster than its industry

Most important here is that analysts have updated their earnings per share estimates, which suggests that there has been a marked increase in optimism towards Evans Bancorp following these results. Fortunately, they also reconfirmed their revenue figures, suggesting that sales tracking is as expected – and our data suggests revenue is expected to grow faster than the industry as a whole. The consensus price target has remained stable at $ 30US00, with the latest estimates not being enough to impact their price targets

That said, the company’s long-term earnings trajectory is much bigger than next year At least one analyst has provided guidance through 2022, which can be viewed for free on our platform here

You should always take note of risks, for example – Evans Bancorp has 3 warning signs that we think you should be aware of

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This Simply Wall St article is general in nature It does not constitute a recommendation to buy or sell shares, and does not take into account your goals or your financial situation We aim to provide you with a focused analysis long term based on fundamental data Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative information Simply Wall St does not have any positions in the stocks mentioned * Interactive Brokers is ranked as the cheapest broker by StockBrokerscom Online Annual Review 2020 Do you have any comments on this article? Concerned about the content? Contact us directly You can also send an email to the editorial team @ Simplywallstcom

Evans Bancorp, Inc, Holding Bank, Nasdaq, David J Nasca, Finance, Earnings per Share, NYSE American

World News – AU – Results: Evans Bancorp, Inc Expectations Exceeded and the consensus has updated its estimates


SOURCE: https://www.w24news.com

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