Columbia Banking System (NASDAQ: COLB) is scheduled to reveal its financial results for the third quarter on Thursday 24th October 2024. This disclosure will take place before market open, providing investors with significant information regarding the company's performance in the last three months period.
According to the forecasts of financial experts on Wall Street, the enterprise is poised to announce an anticipated per share $0.62 profit for the quarter. Furthermore, the firm is expected to disclose a total revenue of $481.03 million for this specific period.
Wall Street analysts have unveiled their forecasts for the company's yearly performance, estimating a total revenue of $1.92 billion. Additionally, they expect the company to reach profit of $2.56 per share for the fiscal year.
In the same three months of the year before, the company made income of $0.79 per share, as shown in their financial report. This number came from the total revenue of $524.86 million that the company earned in that particular quarter.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.67 | -17.3% | 472.15 M | -9.8% |
| Q1 2024 | $0.65 | +41.3% | 473.72 M | +10.3% |
| Q4 2023 | $0.44 | -50.0% | 519.16 M | +173.2% |
| Q3 2023 | $0.79 | -4.8% | 524.86 M | +177.5% |
| Q2 2023 | $0.81 | +8.0% | 523.65 M | +203.6% |
| *Growth on year-over-year basis | ||||
In addition, The firm will review the third quarter financial results on 24th October 2024 at 11:30 AM eastern time, in a conference call with public.
The previous trading day saw Columbia Banking System (COLB) shares trading between $26.54 and $27.07, besides a volume of 1.12 million shares. The stock closed Tuesday's regular trading session at $27.05, showing 1.58 percent increase.
