S&T Bancorp: What to Expect This Earnings Season
S&T Bancorp (NASDAQ: STBA) is gearing up to share its quarterly earnings report, sparking interest among investors. The anticipation surrounding this announcement has created a buzz in the market, as analysts project an earnings per share (EPS) of $0.81. Investors are eager to see if the company will meet or even surpass this estimate.
As the earnings report approaches, it's essential for investors to recognize the impact that guidance can have on stock performance. Positive guidance often leads to increased investor confidence, which can drive share prices higher.
Reviewing Earnings Performance
In the preceding quarter, S&T Bancorp exceeded EPS expectations by $0.15, resulting in a notable 4.22% increase in its share price the following day. Historical performance is a great indicator of potential outcomes:
Examining the company’s quarterly results reveals a pattern of resilience and adaptability:
Quarter Performance Summary:
EPS Estimate: Q2 2024: 0.74, Q1 2024: 0.78, Q4 2023: 0.86, Q3 2023: 0.90
EPS Actual: Q2 2024: 0.89, Q1 2024: 0.81, Q4 2023: 0.96, Q3 2023: 0.87
Price Change %: Q2 2024: 4.0%, Q1 2024: 4.0%, Q4 2023: 3.0%, Q3 2023: -1.0%
Stock Performance Insights
As of October 15, S&T Bancorp's shares were trading at $41.87, marking a substantial increase of 62.33% over the past year. This significant growth demonstrates the strong recovery and resilience of the company amidst market fluctuations. Consequently, long-term investors appear optimistic and are likely to be looking forward to the earnings announcement.
Overall, the landscape looks favorable for S&T Bancorp as it gets ready to unveil essential financial results. The blend of past performance and current market conditions offers a promising outlook that investors will monitor closely.
Frequently Asked Questions
What are the earnings per share expectations for S&T Bancorp?
The expected earnings per share (EPS) for S&T Bancorp is $0.81.
When is S&T Bancorp releasing its earnings report?
S&T Bancorp’s quarterly earnings report is set to be released on October 17, 2024.
How did S&T Bancorp perform in the last quarter?
In the last quarter, S&T Bancorp reported an EPS of $0.89, beating expectations by $0.15, which led to a 4.22% increase in its share price.
What is the current stock price of S&T Bancorp?
As of October 15, S&T Bancorp’s shares were trading at $41.87.
What has been the stock's performance over the past year?
Over the past 52 weeks, S&T Bancorp’s stock has increased by 62.33%, indicating strong market confidence among its investors.
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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
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