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News

Great Western Bancorp's Earnings: A Preview

Author: Benzinga Insights | July 28, 2021 10:41am

Great Western Bancorp (NYSE:GWB) announces its next round of earnings this Thursday, July 29. Here is Benzinga's everything-that-matters guide for this Thursday's Q3 earnings announcement.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street expects EPS of $0.76 and sales around $115.99 million. Great Western Bancorp reported a profit of $0.1 per share when it published results during the same quarter last year. Sales in that period totaled $94.57 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to post earnings in line with the consensus estimate when it reports Thursday, EPS would be up 660.0%. Sales would be have grown 22.65% from the same quarter last year. Here is how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020
EPS Estimate 0.61 0.39 0.4 0.2
EPS Actual 0.93 0.75 0.2 0.1
Revenue Estimate 117.44 M 115.56 M 121.13 M 116.92 M
Revenue Actual 120.06 M 122.06 M 102.07 M 94.57 M

eps graph

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Shares of Great Western Bancorp were trading at $29.94 as of July 27. Over the last 52-week period, shares are up 138.79%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Great Western Bancorp is scheduled to hold the call at 08:30:00 ET and can be accessed here.

Posted In: GWB

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