Prosperity Bancshares Inc (PB, Financial) is set to release its Q3 2024 earnings on Oct 23, 2024. The consensus estimate for Q3 2024 revenue is $301.48 million, and the earnings are expected to come in at $1.31 per share. The full year 2024's revenue is expected to be $1.18 billion and the earnings are expected to be $4.99 per share. More detailed estimate data can be found on the Forecast page.
Prosperity Bancshares Inc (PB, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Prosperity Bancshares Inc (PB) for the full year 2024 have increased from $1.18 billion to $1.18 billion. However, the revenue estimate for 2025 has declined from $1.30 billion to $1.29 billion. Earnings estimates have also seen changes; for the full year 2024, they have increased from $4.98 per share to $4.99 per share, while for 2025, they have declined from $5.77 per share to $5.75 per share.
Prosperity Bancshares Inc (PB, Financial) Reported History
In the previous quarter of 2024-06-30, Prosperity Bancshares Inc's (PB) actual revenue was $304.79 million, which beat analysts' revenue expectations of $292.13 million by 4.33%. Prosperity Bancshares Inc's (PB) actual earnings were $1.17 per share, which beat analysts' earnings expectations of $1.12 per share by 4.46%. After releasing the results, Prosperity Bancshares Inc (PB) was up by 2.43% in one day.
Prosperity Bancshares Inc (PB, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 16 analysts, the average target price for Prosperity Bancshares Inc (PB) is $80.66 with a high estimate of $90 and a low estimate of $74. The average target implies an upside of 13.06% from the current price of $71.34.
Based on GuruFocus estimates, the estimated GF Value for Prosperity Bancshares Inc (PB, Financial) in one year is $76.23, suggesting an upside of 6.85% from the current price of $71.34.
Based on the consensus recommendation from 16 brokerage firms, Prosperity Bancshares Inc's (PB, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
