0 Nick Robinson Posted July 13, 2019 Author Share Posted July 13, 2019 Quote Link to comment Share on other sites More sharing options...
0 Ilija Rankovic Posted July 13, 2019 Share Posted July 13, 2019 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. Quote Link to comment Share on other sites More sharing options...
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