Bank of the Ozarks, Inc. Second Quarter Earnings Sneak Peek

Bank of the Ozarks, Inc. (NASDAQ:OZRK) will unveil its latest earnings on Tuesday, July 12, 2011. Bank of the Ozarks, Inc provides a range of retail and commercial banking services. It also provides mortgage lending, corporate cash management services, including wholesale lock box services, remote deposit capture services.

Bank of the Ozarks, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 82 cents per share, a rise of 28.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 72 cents. For the year, analysts are projecting profit of $3.27 per share, a rise of more than threefold from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 10 cents, reporting net income of 79 cents per share against a mean estimate of profit of 69 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $50.1 million in revenue this quarter, a rise of 36.1% from the year ago quarter. Analysts are forecasting total revenue of $194.4 million for the year, a rise of 22.3% from last year’s revenue of $159 million.

Analyst Ratings: Analysts are bullish on Bank of the Ozarks as five analysts rate it as a buy, none rate it as a sell and five rate it as a hold.

Key Stats:

The decrease in profit in the first quarter breaks a streak of three consecutive quarters of year-over-year profit increases. Net income fell 8.3% in the first quarter from the year earlier, while the figure rose significantly in the fourth quarter of the last fiscal year, more than twofold in the third quarter of the last fiscal year and 3% in the second quarter of the last fiscal year.

Revenue has now gone up for three straight quarters. In first quarter, revenue rose 6.4% to $57 million while the figure rose 18.1% in the fourth quarter of the last fiscal year from the year earlier and 45% in the third quarter of the last fiscal year.

Competitors to Watch: Home BancShares, Inc. (NASDAQ:HOMB), Simmons First National Corp. (NASDAQ:SFNC), IBERIABANK Corporation (NASDAQ:IBKC), Hancock Holding Company (NASDAQ:HBHC), BOK Financial Corporation (NASDAQ:BOKF), Whitney Holding Corp. (NASDAQ:WTNY), SunTrust Banks, Inc. (NYSE:STI), BancorpSouth, Inc. (NYSE:BXS), Regions Financial Corp. (NYSE:RF), Wells Fargo & Company (NYSE:WFC), Bank of America (NYSE:BAC), PNC Financial Services (NYSE:PNC), JP Morgan (NYSE:JPM), Citigroup (NYSE:C), First Horizon National Corporation (NYSE:FHN), BB&T Corporation (NYSE:BBT), and Regions Financial Corp (NYSE:RF).

Stock Price Performance: During April 7, 2011 to July 5, 2011, the stock price has risen $8.54 (19.1%) from $44.69 on April 7, 2011 to $53.23 on July 5, 2011. The stock price saw one of its best stretches over the last year between November 30, 2010, and December 10, 2010, when shares rose for nine-straight days, rising 8.1% (+$3.04) over that span. It saw one of its worst periods between March 8, 2011, and March 16, 2011, when shares fell for seven-straight days, falling 4.1% (-$1.79) over that span. Shares are up $10.22 (+23.8%) year to date.

(Source: Xignite Financials)

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