Independent Bank Earnings: What Investors Should Watch
Independent Bank (NASDAQ:INDB) will report earnings after markets close on Thursday, July 11th. Independent Bank Corp. is the holding company for Rockland Trust Company. The Bank attracts deposits and offers a range of financial services through a network of offices in Plymouth, Norfolk, Barnstable, and Bristol counties, Massachusetts.
Here is your Cheat Sheet to Independent Bank Earnings:
Earnings Expectations: Analysts expect earnings of $0.59 per share on revenues of $62.12 million. Currently, the company’s P/E ratio stands at 18.06.
Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.59 and has not changed. For the current year, the average estimate is a profit of $2.36, which is better than the estimate ninety days ago.
Here’s how Independent Bank has been performing on an annual basis:
|Revenue ($) in millions||204||241||250||248||258|
|Diluted EPS ($)||1.52||0.88||1.90||2.12||1.95|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013||Jun. 30, 2013|
|Revenue ($) in millions||61.71||63.41||64.66||68.43||66.54|
|Diluted EPS ($)||0.56||0.41||0.53||0.45||0.54|
Independent Bank has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)