What to Expect from Veritex Holdings's Earnings

Benzinga · 10/21 17:01

Veritex Holdings (NASDAQ:VBTX) is set to give its latest quarterly earnings report on Tuesday, 2024-10-22. Here's what investors need to know before the announcement.

Analysts estimate that Veritex Holdings will report an earnings per share (EPS) of $0.55.

Veritex Holdings 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).

Performance in Previous Earnings

Last quarter the company missed EPS by $0.01, which was followed by a 1.68% drop in the share price the next day.

Here's a look at Veritex Holdings's past performance and the resulting price change:

Quarter Q2 2024 Q1 2024 Q4 2023 Q3 2023
EPS Estimate 0.53 0.56 0.62 0.64
EPS Actual 0.52 0.53 0.58 0.60
Price Change % -2.0% 0.0% -3.0% 0.0%

eps graph

Stock Performance

Shares of Veritex Holdings were trading at $27.52 as of October 18. Over the last 52-week period, shares are up 60.12%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Veritex Holdings visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.