Quite a few analysts have predicted that the stocks of GABC would be announcing a sales sum of $51.40 million in this quarter. According to reports, two of the analysts covering the firm have already given estimates regarding the earnings of the company, which have ranged from $51.10 million, all the way to $51.70 million. The company has already reported a sales sum of $50.69 the previous year, which indicates an annual growth rate of about 1.4%. The firm will be issuing its next quarterly results on the 25th of January.
The Quarterly Earnings of GABC
GABC previously issued its quarterly earnings report on the 31st of October. The EPS reported by the bank in that period was around $0.55, which beat the Thomson Reuters consensus estimate of $0.51. The company also had a return on its equity at around 9.72%, with a net margin of around 25.10%. The revenue earned by the company for this quarter is $51.67 million, which is more than the consensus estimate of $51.37 million.
There have been quite a few firms that have commented on the stocks of GABC. Piper Sandler has already lowered the price target of the company from $32 to $29, while setting up a rating of neutral in a research report that was published on the 29th of September. BidaskClub has also downgraded the rating of the company from buy to a hold, in a 8th December research report. In the end, Zacks Investment Research also went ahead and decreased the rating of GABC from hold, to a sell, in another research report.
Two of the research analysts covering the firm have already given it a rating of sell, while three of them have given it a rating of hold. The stocks of GABC currently have a rating of hold, and a price target fixed at $30.33.
