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How did First Republic Bank do in its Q2?

How did First Republic Bank do in its Q2?
Asked by
Nick Robinson categorie-icon time-icon5 days ago
1 Answer Answer Question

Ilija Rankovic
Answered time-icon5 days ago

First Republic Bank (NYSE:FRC) has not yet reported its Q2 2019 financial results but the company is scheduled to do so before 15th July. However, the firm is expected to report that its revenues and earnings have grown year over year. Looking at the Q1 2019 results, we can see that First Republic surpassed the Zacks Consensus Estimate on earnings and revenues. On top of that, the company has a great earnings surprise history, with an average positive surprise in the past four quarters of 2.7%. The company has topped the consensus estimate for earnings in three of the trailing four quarters.

Analysts revised the Q2 2019 forecasts downwards in the past 30 days, but that should not be a bad thing, rather a correction. The Zacks Consensus Estimate for earnings is currently pegged at $1.26. This figure would suggest earnings growth of 5% from the year-ago quarter.

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