Financial services company Pathward Financial (NASDAQ: CASH) will be reporting earnings tomorrow after market hours. Here’s what investors should know.
Pathward Financial missed analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $187.8 million, up 4.6% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but a miss of analysts’ net interest income estimates.
Is Pathward Financial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Pathward Financial’s revenue to grow 6.4% year on year to $185.8 million, improving from the 4.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.38 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Pathward Financial has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Pathward Financial’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. ServisFirst Bancshares delivered year-on-year revenue growth of 22.9%, beating analysts’ expectations by 6.8%, and Simmons First National reported revenues up 17.2%, topping estimates by 5.3%.
Read our full analysis of ServisFirst Bancshares’s results here and Simmons First National’s results here.
Investors in the regional banks segment have had steady hands going into earnings, with share prices flat over the last month. Pathward Financial’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $88 (compared to the current share price of $74.18).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
