Analysts Estimate Associated Banc-Corp (ASB) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Associated Banc-Corp (ASB) is anticipated to report a year-over-year decline in earnings due to lower revenues, with the earnings report expected on April 25, 2024 [1][2] Earnings Estimates - The consensus estimate for quarterly earnings is $0.49 per share, reflecting a year-over-year decrease of 25.8% [2] - Expected revenues are $327.46 million, down 3.9% from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 0.96% higher in the last 30 days, indicating a slight positive reassessment by analysts [2] - The Most Accurate Estimate for Associated Banc-Corp is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.44%, suggesting a bearish outlook from analysts [4][6] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank of 1, 2, or 3 [3][4] - Associated Banc-Corp currently holds a Zacks Rank of 2, but the negative Earnings ESP makes it challenging to predict an earnings beat conclusively [5][6] Historical Performance - In the last reported quarter, Associated Banc-Corp had an earnings surprise of +1.92%, reporting $0.53 per share against an expectation of $0.52 [7] - Over the past four quarters, the company has beaten consensus EPS estimates two times [7] Conclusion - While an earnings beat or miss can influence stock movement, other factors also play a significant role [8] - Associated Banc-Corp does not appear to be a compelling candidate for an earnings beat, and investors should consider additional factors before making investment decisions [8]