MB Financial Earnings: Here’s Why Investors are Excited Now
MB Financial Inc. (NASDAQ:MBFI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.
MB Financial Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 39.39% to $0.46 in the quarter versus EPS of $0.33 in the year-earlier quarter.
Revenue: Decreased 5.55% to $106.06 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: MB Financial Inc. reported adjusted EPS income of $0.46 per share. By that measure, the company beat the mean analyst estimate of $0.42. It beat the average revenue estimate of $74.02 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 6.88% from $113.9 million in the previous quarter. EPS increased 4.55% from $0.44 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.41 to a profit $0.43. For the current year, the average estimate has moved up from a profit of $1.69 to a profit of $1.76 over the last ninety days.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)