Core Viewpoint - Flagstar Bank is expected to report a year-over-year increase in earnings despite lower revenues, with the actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is anticipated to be released on January 30, with a consensus EPS estimate of $0.02 per share, reflecting a year-over-year increase of +105.9% [3]. - Revenues are projected to be $534.09 million, which is a decrease of 14.6% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 7.45% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Flagstar Bank is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.59% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests 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 [10]. - Flagstar Bank currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Flagstar Bank was expected to post a loss of $0.06 per share but actually reported a loss of -$0.07, resulting in a surprise of -16.67% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates two times [14]. Market Context - The performance of Flagstar Bank's stock may be influenced by broader market factors, as earnings beats or misses alone do not guarantee stock price movement [15][17]. - Investors are encouraged to consider the Earnings ESP and Zacks Rank when evaluating potential investments ahead of earnings releases [16].
Flagstar Bank (FLG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release