First Midwest Bancorp Earnings Preview: Can This Streak Finally End?
First Midwest Bancorp (NASDAQ:FMBI) will report earnings before markets open on Wednesday, April 24th. First Midwest Bancorp, Inc. is the holding company for First Midwest Bank. The Bank provides a full range of both business and retail banking and trust and investment management services through offices primarily located in northeastern Illinois.
Here is your Cheat Sheet to First Midwest Bancorp Earnings:
Earnings Expectations: Analysts expect earnings of $0.21 per share on revenues of $90.99 million.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.24 to a profit $0.22. For the current year, the average estimate is a profit of $0.89, which is worse than the estimate ninety days ago.
Here’s how First Midwest Bancorp has been performing on an annual basis:
|Revenue ($) in millions||463.21||464.75||437.42||423.45||410.52|
|Diluted EPS ($)||1.00||-0.71||-0.27||0.35||-0.28|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||105.39||99.96||99.56||104.72||106.29|
|Diluted EPS ($)||0.05||0.11||0.09||-0.65||0.17|
First Midwest Bancorp has missed analyst estimates 4 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)