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Investors Bancorp (NASDAQ:ISBC) is set to give its latest quarterly earnings report on Wednesday, 2021-10-27. Here's what investors need to know before the announcement.
Analysts estimate that Investors Bancorp will likely report an Earnings Per Share (EPS) of $0.31
Investors Bancorp bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Last quarter the company beat on EPS by 21.43%, which was followed by a 2.28% drop in the share price the next day.
Here's a look at Investors Bancorp's past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.28 | 0.28 | 0.25 | 0.21 |
| EPS Actual | 0.34 | 0.31 | 0.36 | 0.27 |
| Price Change % | -2.28% | -0.46% | 3.91% | 5.83% |
Shares of Investors Bancorp were trading at $16.04 as of October 25. Over the last 52-week period, shares are up 104.48%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
If you want to track all upcoming earnings announcements, check out our Earnings Calendar here
Posted In: ISBC
