VersaBank (NASDAQ:VBNK) will release its quarterly earnings report on Monday, 2024-12-09. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate VersaBank to report an earnings per share (EPS) of $0.37.
VersaBank bulls will hope to hear the company 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).
Overview of Past Earnings
Last quarter the company missed EPS by $0.09, which was followed by a 1.72% drop in the share price the next day.
Here's a look at VersaBank's past performance and the resulting price change:
| Quarter | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.35 | 0.33 | 0.35 | 0.28 |
| EPS Actual | 0.26 | 0.33 | 0.36 | 0.35 |
| Price Change % | -2.0% | -1.0% | -5.0% | 8.0% |
Tracking VersaBank's Stock Performance
Shares of VersaBank were trading at $18.03 as of December 05. Over the last 52-week period, shares are up 118.51%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for VersaBank visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
