Wintrust(US:WTFC) ZACKSยท2024-10-14 15:05Core Viewpoint - The market anticipates a year-over-year decline in Wintrust Financial's earnings despite an increase in revenues when it reports its results for the quarter ended September 2024 [1][3]. Earnings Expectations - Wintrust is expected to report quarterly earnings of $2.50 per share, reflecting a -1.2% change year-over-year, with revenues projected at $621.35 million, an increase of 8.1% from the previous year [3]. - The earnings report is scheduled for release on October 21, 2024, and could influence stock movement based on whether the actual results exceed or fall short of expectations [2]. Estimate Revisions - The consensus EPS estimate has been revised 0.29% higher in the last 30 days, indicating a slight bullish sentiment among analysts [4]. - The Most Accurate Estimate for Wintrust is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.54%, suggesting a likelihood of beating the consensus EPS estimate [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. - Wintrust currently holds a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a favorable outlook for the upcoming earnings report [10]. Historical Performance - In the last reported quarter, Wintrust was expected to post earnings of $2.40 per share but delivered $2.32, resulting in a surprise of -3.33% [11]. - Over the past four quarters, Wintrust has beaten consensus EPS estimates two times [12]. Industry Comparison - Another player in the Zacks Banks - Midwest industry, Commerce Bancshares, is expected to report earnings of $1 per share, reflecting a year-over-year increase of +9.9% [16]. - Commerce Bancshares has a lower Most Accurate Estimate leading to an Earnings ESP of -0.33%, making it challenging to predict a beat against the consensus EPS estimate [17].