On Monday 28th October 2024, Merchants Bancorp (NASDAQ: MBIN) will release its highly anticipated third quarter financial results. This important announcement is scheduled to occur after market close.
As per the predictions of financial analysts on Wall Street, the enterprise is set to report an estimated per share $1.42 profit for the third quarter. Additionally, the company is projected to unveil a revenue of $159.7 million for the period.
Financial analysts have shared their forecasts for the company's annual performance, indicating their belief that the company will achieve a total revenue of $639.3 million. Additionally, they predict that the earnings per share for the company will hit profit of $6.08 by the end of the fiscal year.
In the corresponding quarter of the previous year, the company's earnings report unveiled a per-share income of $1.68. Notably, the company's total revenue reached an impressive $153.5 million during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.49 | +13.7% | 159.47 M | +17.7% |
| Q1 2024 | $1.80 | +68.2% | 167.93 M | +46.1% |
| Q4 2023 | $1.58 | +41.1% | 158.78 M | +34.1% |
| Q3 2023 | $1.68 | +37.7% | 153.50 M | +34.0% |
| Q2 2023 | $1.31 | +18.0% | 135.50 M | +21.8% |
| *Growth on year-over-year basis | ||||
Merchants Bancorp (MBIN) shares experienced a range of $43.48 to $44.99 on a day volume of 133.90 thousand shares. The stock closed Thursday's regular trading session at $44.26, indicating a 0.98 percent fall.
