Advertisement
Singapore markets close in 3 hours 50 minutes

  • Straits Times Index

    3,269.57
    -30.47 (-0.92%)
     

  • Nikkei

    38,247.16
    -587.94 (-1.51%)
     

  • Hang Seng

    18,410.20
    -69.17 (-0.37%)
     

  • FTSE 100

    8,313.67
    +100.18 (+1.22%)
     

  • Bitcoin USD

    62,448.00
    -986.99 (-1.56%)
     

  • CMC Crypto 200

    1,297.15
    -67.98 (-4.98%)
     

  • S&P 500

    5,187.70
    +6.96 (+0.13%)
     

  • Dow

    38,884.26
    +31.99 (+0.08%)
     

  • Nasdaq

    16,332.56
    -16.69 (-0.10%)
     

  • Gold

    2,327.30
    +3.10 (+0.13%)
     

  • Crude Oil

    77.99
    -0.39 (-0.50%)
     

  • 10-Yr Bond

    4.4630
    -0.0260 (-0.58%)
     

  • FTSE Bursa Malaysia

    1,605.33
    -0.35 (-0.02%)
     

  • Jakarta Composite Index

    7,097.78
    -25.83 (-0.36%)
     

  • PSE Index

    6,597.68
    -20.90 (-0.32%)
     

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.

ADVERTISEMENT

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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

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

To read this article on Zacks.com click here.

Zacks Investment Research