Earnings Update: NBT Bancorp Inc. (NASDAQ:NBTB) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts
As you might know, NBT Bancorp Inc. (NASDAQ:NBTB) recently reported its quarterly numbers. NBT Bancorp reported in line with analyst predictions, delivering revenues of US$195m and statutory earnings per share of US$1.11, suggesting the business is executing well and in line with its plan. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
After the latest results, the seven analysts covering NBT Bancorp are now predicting revenues of US$803.7m in 2027. If met, this would reflect a solid 9.8% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 9.1% to US$4.57. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$801.7m and earnings per share (EPS) of US$4.57 in 2027. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
Check out our latest analysis for NBT Bancorp
There were no changes to revenue or earnings estimates or the price target of US$58.00, suggesting that the company has met expectations in its recent result. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic NBT Bancorp analyst has a price target of US$62.00 per share, while the most pessimistic values it at US$54.00. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
Of course, another way to look at these forecasts is to place them into context against the industry itself. The period to the end of 2027 brings more of the same, according to the analysts, with revenue forecast to display 7.8% growth on an annualised basis. That is in line with its 8.7% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 7.7% annually. So although NBT Bancorp is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
With that in mind, we wouldn't be too quick to come to a conclusion on NBT Bancorp. Long-term earnings power is much more important than next year's profits. We have forecasts for NBT Bancorp going out to 2028, and you can see them free on our platform here.
You can also view our analysis of NBT Bancorp's balance sheet, and whether we think NBT Bancorp is carrying too much debt, for free on our platform here.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.