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MARKETS LIVE BLOG:

STOCK FUTURES TAKE BREATHER AS DISNEY EARNINGS LAND

Disney's surprise streaming entertainment profit offset by weaker TV business

Here's What Key Metrics Tell Us About Esquire Financial (ESQ) Q1 Earnings

Zacks Equity Research
·2 min read

For the quarter ended March 2024, Esquire Financial Holdings, Inc. (ESQ) reported revenue of $29.25 million, down 1% over the same period last year. EPS came in at $1.20, compared to $1.11 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $29.04 million, representing a surprise of +0.75%. The company delivered an EPS surprise of +1.69%, with the consensus EPS estimate being $1.18.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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Here is how Esquire Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Efficiency ratio: 49.8% versus 50.8% estimated by two analysts on average.

  • Total Interest Earning Assets: $1.52 billion versus the two-analyst average estimate of $1.54 billion.

  • Net Interest Margin: 6.1% versus 6% estimated by two analysts on average.

  • Payment processing fees: $5.30 million versus the two-analyst average estimate of $5.48 million.

  • Total Non-Interest Income: $6.39 million compared to the $6.36 million average estimate based on two analysts.

  • Net Interest Income: $22.86 million compared to the $22.69 million average estimate based on two analysts.

View all Key Company Metrics for Esquire Financial here>>>

Shares of Esquire Financial have returned -0.2% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Esquire Financial Holdings, Inc. (ESQ) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research