An Overview of Texas Capital Bancshares's Earnings
Texas Capital Bancshares TCBI will release its quarterly earnings report on Thursday, 2024-10-17. Here’s a brief overview for investors ahead of the announcement.
Analysts anticipate Texas Capital Bancshares to report an earnings per share (EPS) of $0.95.
The market awaits Texas Capital Bancshares’s announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It’s important for new investors to understand that guidance can be a significant driver of stock prices.
Earnings History Snapshot
During the last quarter, the company reported an EPS missed by $0.06, leading to a 0.06% drop in the share price on the subsequent day.
Here’s a look at Texas Capital Bancshares’s past performance and the resulting price change:
Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
---|---|---|---|---|
EPS Estimate | 0.86 | 0.60 | 0.75 | 1.03 |
EPS Actual | 0.80 | 0.62 | 0.65 | 1.18 |
Price Change % | -0.0% | 5.0% | 1.0% | -5.0% |
Market Performance of Texas Capital Bancshares’s Stock
Shares of Texas Capital Bancshares were trading at $77.57 as of October 15. Over the last 52-week period, shares are up 40.12%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Leave a Reply