Wintrust Financial Earnings: Everything You Must Know Now
Wintrust Financial Corporation (NASDAQ:WTFC) 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.
Wintrust Financial Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 32.69% to $0.69 in the quarter versus EPS of $0.52 in the year-earlier quarter.
Revenue: Decreased 3.31% to $199.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Wintrust Financial Corporation reported adjusted EPS income of $0.69 per share. By that measure, the company beat the mean analyst estimate of $0.61. It beat the average revenue estimate of $184.01 million.
Key Stats (on next page)…
Revenue decreased 4.72% from $209.69 million in the previous quarter. EPS increased 6.15% from $0.65 in the previous quarter.
Looking Forward: 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 $0.63 to a profit $0.62. For the current year, the average estimate has moved up from a profit of $2.46 to a profit of $2.49 over the last ninety days.