Yahoo Finance Citizens Community Bancorp, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Citizens Community Bancorp, Inc. (NASDAQ:CZWI) just released its latest quarterly results and things are looking bullish. It was overall a positive result, with revenues beating expectations by 9.1% to hit US$15m. Citizens Community Bancorp also reported a statutory profit of US$0.39, which was an impressive 50% above what the analysts had forecast. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Check out our latest analysis for Citizens Community Bancorp
Taking into account the latest results, the two analysts covering Citizens Community Bancorp provided consensus estimates of US$56.5m revenue in 2024, which would reflect a measurable 5.8% decline over the past 12 months. Statutory earnings per share are forecast to dip 3.8% to US$1.24 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$57.2m and earnings per share (EPS) of US$1.20 in 2024. So the consensus seems to have become somewhat more optimistic on Citizens Community Bancorp's earnings potential following these results.
There's been no major changes to the consensus price target of US$13.25, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 7.7% by the end of 2024. This indicates a significant reduction from annual growth of 4.8% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 6.0% annually for the foreseeable future. It's pretty clear that Citizens Community Bancorp's revenues are expected to perform substantially worse than the wider industry.
The Bottom Line
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Citizens Community Bancorp's earnings potential next year. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Citizens Community Bancorp's revenue is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have analyst estimates for Citizens Community Bancorp going out as far as 2025, and you can see them free on our platform here.
You can also see whether Citizens Community Bancorp is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
