Nicolet Bankshares (NIC) Surpasses Q2 Earnings and Revenue Estimates
NicoletNicolet(US:NIC) ZACKS·2024-07-16 22:15

分组1 - Nicolet Bankshares reported revenues of $85.43 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 4.96% and showing an increase from $75.88 million year-over-year [1] - The company has surpassed consensus EPS estimates two times over the last four quarters, with a quarterly earnings of $1.88 per share, beating the Zacks Consensus Estimate of $1.70 per share, representing an earnings surprise of 10.59% [10] - The current consensus EPS estimate for the upcoming quarter is $1.74 on revenues of $83.1 million, and for the current fiscal year, it is $6.85 on revenues of $328.3 million [6] 分组2 - Nicolet Bankshares shares have increased by approximately 10.8% since the beginning of the year, while the S&P 500 has gained 18.1% [2] - The estimate revisions trend for Nicolet Bankshares is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [5] - The Zacks Industry Rank for Banks - Northeast is in the bottom 35% of over 250 Zacks industries, suggesting that the industry outlook may significantly impact stock performance [7]