Independent Bank (INDB) ZACKS·2025-01-09 16:01Core Viewpoint - The market anticipates a year-over-year decline in earnings for Independent Bank Corp. (INDB) due to lower revenues, with a focus on how actual results will compare to these estimates [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on January 16, 2025, with a consensus EPS estimate of 175.82 million, down 0.8% from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly reassessed their initial estimates during this period [4]. Earnings Surprise Prediction - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, suggesting that recent analyst revisions may provide more accurate insights into earnings expectations [6][5]. Earnings ESP Analysis - Independent Bank Corp. has an Earnings ESP of -0.86%, indicating a bearish outlook from analysts. However, the stock holds a Zacks Rank of 2, complicating predictions of an earnings beat [10][11]. Historical Performance - In the last reported quarter, Independent Bank Corp. exceeded the expected EPS of 1.01, resulting in a surprise of +2.02%. Over the last four quarters, the company has beaten consensus EPS estimates three times [12][13]. Conclusion - While the company does not appear to be a strong candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [16].